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THE COMPANY HAD NET SALES OF $65,000 AND ENDING ACCOUNTS RECEIVABLE OF $7,500 FOR THE CURRENT PERIOD. ITS DAYS' SALES UNCOLLECTED EQUALS HOW MANY DAYS? (ROUND YOUR ANSWER ΤΟ THE NEAREST NUMBER).

THE COMPANY HAD NET SALES OF $65,000 AND ENDING ACCOUNTS RECEIVABLE OF $7,500 FOR THE CURRENT PERIOD. ITS DAYS' SALES UNCOLLECTED EQUALS HOW MANY DAYS? (ROUND YOUR ANSWER ΤΟ THE NEAREST NUMBER).

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 51E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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Please explain the solution to this general accounting problem with accurate explanations.

THE COMPANY HAD NET SALES OF $65,000 AND ENDING ACCOUNTS RECEIVABLE OF $7,500 FOR THE CURRENT PERIOD. ITS DAYS' SALES UNCOLLECTED EQUALS HOW MANY DAYS? (ROUND YOUR ANSWER ΤΟ THE NEAREST NUMBER).
Transcribed Image Text:THE COMPANY HAD NET SALES OF $65,000 AND ENDING ACCOUNTS RECEIVABLE OF $7,500 FOR THE CURRENT PERIOD. ITS DAYS' SALES UNCOLLECTED EQUALS HOW MANY DAYS? (ROUND YOUR ANSWER ΤΟ THE NEAREST NUMBER).
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