Solved

Dana IncShowed the Following Data for the Year End ? Calculate Dana Inc

Question 81

Multiple Choice

Dana Inc.showed the following data for the year end:  Cash sales $4,100,000 Credit sales 5,900,000 Accounts receivable, beginning of the year 600,000 Accounts receivable, end of the year 400,000\begin{array} { l r } \text { Cash sales } & \$ 4,100,000 \\\text { Credit sales } & 5,900,000 \\\text { Accounts receivable, beginning of the year } & 600,000 \\\text { Accounts receivable, end of the year } & 400,000\end{array} ? Calculate Dana Inc.'s days' sales in receivables.(Round the answer to the nearest whole number.)


A) 30 days
B) 61 days
C) 12 days
D) 44 days

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents