The accounts receivable turnover ratio of a merchandiser is 9.8 times. Calculate the days' sales in receivables for the merchandiser. (Round to the nearest day.)
A) 33 days
B) 37 days
C) 28 days
D) 40 days
Correct Answer:
Verified
Q128: A company has net credit sales of
Q129: Martin Sales provides the following information: Net
Q130: From the following details, calculate the acid-test
Q131: Days' sales in receivables is also known
Q132: The accounts receivable turnover ratio indicates whether
Q133: Which of the following is included in
Q135: Which of the following is included in
Q137: Which of the following describes the key
Q167: The days' sales in receivables ratio indicates
Q209: The number of times a company collects
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