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
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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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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