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The following information was provided by Westfield Manufacturing: Assets Cash 2024 2023 $5,600 $4,900 Accounts receivable $42,000 $38,000 Inventory $64,000 $59,000| If Westfield's 2024net credit sales totaled $246,000, what were the company's average days to collect receivables? A. 52.3 days B. 59.4 days C. 62.5 days D. 67.1 days

The following information was provided by Westfield Manufacturing: Assets Cash 2024 2023 $5,600 $4,900 Accounts receivable $42,000 $38,000 Inventory $64,000 $59,000| If Westfield's 2024net credit sales totaled $246,000, what were the company's average days to collect receivables? A. 52.3 days B. 59.4 days C. 62.5 days D. 67.1 days

Principles of Accounting Volume 1
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...
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The following information was provided by Westfield Manufacturing: Assets Cash 2024 2023 $5,600 $4,900 Accounts receivable $42,000 $38,000 Inventory $64,000 $59,000| If Westfield's 2024net credit sales totaled $246,000, what were the company's average days to collect receivables? A. 52.3 days B. 59.4 days C. 62.5 days D. 67.1 days
Transcribed Image Text:The following information was provided by Westfield Manufacturing: Assets Cash 2024 2023 $5,600 $4,900 Accounts receivable $42,000 $38,000 Inventory $64,000 $59,000| If Westfield's 2024net credit sales totaled $246,000, what were the company's average days to collect receivables? A. 52.3 days B. 59.4 days C. 62.5 days D. 67.1 days
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