A company with net sales of 1,642,500, a beginning balance of net receivables of $187,500, and an ending balance of net receivables of $235,500 has a days' sales in receivables of rounded):

Question

Quizplus · Accepted Answer

Days' sales in receivables = (Average net receivables / Net sales) * 365 daysAverage net receivables = (Beginning net receivables + Ending net receivables) / 2= ($187,500 + $235,500) / 2= $211,500Days' sales in receivables = ($211,500 / $1,642,500) * 365 days= 47 days (rounded)

A Company with Net Sales of 1,642,500, a Beginning Balance