Loose Leaf for Fundamental Accounting Principles
Loose Leaf for Fundamental Accounting Principles
23rd Edition
ISBN: 9781259687709
Author: John J Wild, Ken Shaw Accounting Professor, Barbara Chiappetta Fundamental Accounting Principles
Publisher: McGraw-Hill Education
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Chapter 8, Problem 8QS
To determine

Concept Introduction:

Days Sales Uncollected: Days Sales uncollected is a time period for which the accounts receivable remains uncollected. It is calculated with the help of following formula:

Days Sales Uncollected = (Accounts receivable× 365 )Net annual credit sales 

To Determine: The change in days sales uncollected between years 2016 and 2017 and improvement in collection receivables

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Accounts Receivable and Accounts Payable; Author: The Finance Storyteller;https://www.youtube.com/watch?v=x_aUWbQa878;License: Standard Youtube License