Jones Company presents the following data for 2012. $$\begin{array} { lr }
\text {Receivables, less allowance for losses and discounts of \$12,196}&\$266,700\
\text {Net Sales}&2,360,108\
\text {Cost of Goods Sold}&1,580,360\
\end{array}$$ The days' sales in receivables is
A)53.1.
B)48.2.
C)43.1.
D)38.1.
E)40.0.

Question

Jones Company presents the following data for 2012. $$\begin{array} { lr } 
\text {Receivables, less allowance for losses and discounts of \$12,196}&\$266,700\
\text {Net Sales}&2,360,108\
\text {Cost of Goods Sold}&1,580,360\
\end{array}$$ The days' sales in receivables is
A)53.1.
B)48.2.
C)43.1.
D)38.1.
E)40.0.

Quizplus · Accepted Answer

The Answer of Jones Company presents the following data for 2012. $$\begin{array} { lr } 
\text {Receivables, less allowance for losses and discounts of \$12,196}&\$266,700\
\text {Net Sales}&2,360,108\
\text {Cost of Goods Sold}&1,580,360\
\end{array}$$ The days' sales in receivables is
A)53.1.
B)48.2.
C)43.1.
D)38.1.
E)40.0.

Jones Company Presents the Following Data for 2012 The Days' Sales in Receivables Is A)53

Jones Company Presents the Following Data for 2012 The Days' Sales in Receivables Is
A)53