What is the days' sales in receivables in 2011?
A) 31.8 days
B) 33.7 days
C) 38.4 days
D) 41.9 days
E) 47.4 days

Name: What is the days' sales in receivables in 2011? A) 31.8 days B) 33.7 days C) 38.4 days D) 41.9 days E) 47.4 days
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Question

What is the days' sales in receivables in 2011?
A) 31.8 days 
B) 33.7 days 
C) 38.4 days 
D) 41.9 days 
E) 47.4 days

Quizplus · Accepted Answer

Days' Sales in Receivables = (Accounts Receivable / Net Sales) * Number of Days in the Period
2011 Days' Sales in Receivables = (3,005 / 8,956) * 365 = 122.1
Therefore, the answer is approximately 33.7 days (365 / 122.1).

What Is the Days' Sales in Receivables in 2011