The income statement of Pratt Inc. reports net sales of $3,749.9 million for the current year. The balance sheet reports accounts receivable, net of $486.6 million at December 31 of the current year and $520.2 million at December 31 of the previous year. The days sales outstanding in the current year are: Select one: O O a. 49 days b. 47 days c. 7 days d. None of these are correct. e. 8 days
The income statement of Pratt Inc. reports net sales of $3,749.9 million for the current year. The balance sheet reports accounts receivable, net of $486.6 million at December 31 of the current year and $520.2 million at December 31 of the previous year. The days sales outstanding in the current year are: Select one: O O a. 49 days b. 47 days c. 7 days d. None of these are correct. e. 8 days
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The income statement of Pratt Inc. reports net sales of $3,749.9 million for the current year. The balance sheet reports accounts receivable, net of $486.6 million at
December 31 of the current year and $520.2 million at December 31 of the previous year. The days sales outstanding in the current year are:
Select one:
a. 49 days
b. 47 days
c. 7 days
d. None of these are correct.
e. 8 days
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