A company has net credit sales of $1,012,500, beginning net accounts receivable of $250,000 and ending net accounts receivable of $200,000. What is the days' sales in accounts receivable? (Round to nearest whole day.)
A) 81 days
B) 99 days
C) 93 days
D) 90 days
Correct Answer:
Verified
Q121: The accounts receivable turnover ratio measures:
A)how well
Q122: Which of the following is true of
Q124: Barker Sales has a days' sales in
Q125: Which of the following is true of
Q127: What is the acid-test ratio for a
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
Q207: An acid-test ratio of 1.0 is considered
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