You have obtained the following information for Blue Bell Farms.The tax rate is 34 percent. What is the days' sales in receivables?
A)35.17 days
B)46.17 days
C)48.30 days
D)49.11 days
E)36.01 days

Name: You have obtained the following information for Blue Bell Farms.The tax rate is 34 percent. What is the days' sales in receivables? A)35.17 days B)46.17 days C)48.30 days D)49.11 days E)36.01 days
Brand: Quizplus
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Question

You have obtained the following information for Blue Bell Farms.The tax rate is 34 percent.  What is the days' sales in receivables?
A)35.17 days 
B)46.17 days 
C)48.30 days 
D)49.11 days 
E)36.01 days

Quizplus · Accepted Answer

Days' sales in receivables = 365 / ($3,850 / $518)= 49.11 days

You Have Obtained the Following Information for Blue Bell Farms