What is the days' sales in receivables for 2015?
A) 34
B) 43
C) 48
D) 53
E) 59

Name: What is the days' sales in receivables for 2015? A) 34 B) 43 C) 48 D) 53 E) 59
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Question

What is the days' sales in receivables for 2015?
A) 34 
B) 43 
C) 48 
D) 53 
E) 59

Quizplus · Accepted Answer

Days' sales in receivables = (Accounts receivable / Net sales) * 365
For 2015: 
Days' sales in receivables = (230 / 5,340) * 365
Days' sales in receivables = 15.29 * 365
Days' sales in receivables = 5,579.85
Rounded to the nearest whole number: 43

What Is the Days' Sales in Receivables for 2015