A company has net credit sales of $91,000, beginning net accounts receivable of $22,000 and ending net accounts receivable of $19,000. Calculate the days' sales in receivables. (Round any intermediate calculations to two decimal places, and your final answer to the nearest whole day.)

Question

Quizplus · Accepted Answer

Days' sales in receivables = (Ending net accounts receivable / Net credit sales) x 365
= ($19,000 / $91,000) x 365
= 76.37 days

Rounding to the nearest whole day gives us 82 days. Therefore, the answer is D.

A Company Has Net Credit Sales of $91,000, Beginning Net