A company reported net sales for Year 1 of $265,000 and $545,000 for Year 2.The year-end balances of accounts receivable were $39,000 for Year 1 and $92,000 for Year 2.Calculate the days' sales uncollected at the end of each year for this company and describe any changes in the apparent liquidity of the company's receivables.

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The Answer of A company reported net sales for Year 1 of $265,000 and $545,000 for Year 2.The year-end balances of accounts receivable were $39,000 for Year 1 and $92,000 for Year 2.Calculate the days' sales uncollected at the end of each year for this company and describe any changes in the apparent liquidity of the company's receivables.

A Company Reported Net Sales for Year 1 of $265,000