A company has Net sales of $1 700 000, Beginning net receivables of $240 000 and Ending net receivables of $180 000. What is Days' sales in accounts receivable? (Please round to the nearest whole dollar.)
A) 50 days
B) 48 days
C) 41 days
D) 45 days
Correct Answer:
Verified
Q140: On 1 December 2013, Parsons Sales sold
Q141: Which of the following is included in
Q142: A company reports Net accounts receivable of
Q143: A company has the following account balances.
Q143: The number of times per year a
Q144: Which of the following is TRUE of
Q146: The acid- test ratio measures:
A)how many days
Q147: The days' sales in receivables measures:
A)the number
Q148: Which of the following describes the key
Q149: A company has the following account balances.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents