Hy expert please provide correct answer general accounting The following annual account balances are from Armour Sports on December 31.Year 2Year 1Accounts receivable $59,568 $57,325Net sales1,167,533 1,090,531Calculate the number of days sales uncollected for the years Year 1 and Year 2.

Step 1: Define Days Sales OutstandingThe days sales outstanding is a financial ratio that…

Answered: The following annual account balances…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter18: The Management Of Accounts Receivable And Inventories

Section: Chapter Questions

Problem 9P

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General Accounting
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The following annual account balances are from Armour Sports on December 31. Year 2 Year 1 Accounts receivable $59,568 $57,325 Net sales 1,167,533 1,090,531 Calculate the number of days sales uncollected for the years Year 1 and Year 2.