The following balance sheet information was provided by Weston Company: Assets Cash 2014 2013 $3,500 $3,000 Accounts receivable $22,500 $20,500 Inventory $39,000 $45,000 Assuming 2014 net credit sales totaled $135,000, what were the company's average days to collect receivables? A. 58.1 days B. 55.4 days C. 60.8 days D. 116.3 days

The following balance sheet information was provided by Weston Company: Assets Cash 2014 2013 $3,500 $3,000 Accounts receivable $22,500 $20,500 Inventory $39,000 $45,000 Assuming 2014 net credit sales totaled $135,000, what were the company's average days to collect receivables? A. 58.1 days B. 55.4 days C. 60.8 days D. 116.3 days

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 14MC: Ancient Grains Unlimited has an accounts receivable turnover ratio of 3.34 times. The net credit...

See similar textbooks