The following information is taken from Reagan Company's December 31 balance sheet: If net sales for the current year were $612,000,the firm's days' sales uncollected for the year is: $\bold{\text{(Use 365 days a year.)}}$
A)60 days
B)85 days
C)42 days
D)154 days
E)70 days

Question

The following information is taken from Reagan Company's December 31 balance sheet: If net sales for the current year were $612,000,the firm's days' sales uncollected for the year is: $\bold{\text{(Use 365 days a year.)}}$
A)60 days 
B)85 days 
C)42 days 
D)154 days 
E)70 days

Quizplus · Accepted Answer

The Answer of The following information is taken from Reagan Company's December 31 balance sheet: If net sales for the current year were $612,000,the firm's days' sales uncollected for the year is: $\bold{\text{(Use 365 days a year.)}}$
A)60 days 
B)85 days 
C)42 days 
D)154 days 
E)70 days

The Following Information Is Taken from Reagan Company's December 31 (Use 365 days a year.)\bold{\text{(Use 365 days a year.)}}(Use 365 days a year.)

The Following Information Is Taken from Reagan Company's December 31 $\bold{\text{(Use 365 days a year.)}}$