The following account balances are taken from Everest Events at December 31.
$$\begin{array} { | l | r | r | }
\hline & 2016 & 2015 \
\hline \text { Accounts receivable } & 170,230 & 260,450 \
\hline \text { Net sales } & 1,500,750 & 1,450,600 \
\hline
\end{array}$$ Calculate the number of days' sales uncollected for both years. According to this analysis, is the company's collection of receivables improving? Explain.

Question

The following account balances are taken from Everest Events at December 31.
 $$\begin{array} { | l | r | r | } 
\hline & 2016 & 2015 \
\hline \text { Accounts receivable } & 170,230 & 260,450 \
\hline \text { Net sales } & 1,500,750 & 1,450,600 \
\hline
\end{array}$$ Calculate the number of days' sales uncollected for both years. According to this analysis, is the company's collection of receivables improving? Explain.

Quizplus · Accepted Answer

The Answer of The following account balances are taken from Everest Events at December 31.
 $$\begin{array} { | l | r | r | } 
\hline & 2016 & 2015 \
\hline \text { Accounts receivable } & 170,230 & 260,450 \
\hline \text { Net sales } & 1,500,750 & 1,450,600 \
\hline
\end{array}$$ Calculate the number of days' sales uncollected for both years. According to this analysis, is the company's collection of receivables improving? Explain.

The Following Account Balances Are Taken from Everest Events at December