Brouski had $750 million in accounts receivable and $2,900 million in net sales for the current period. Its days' sales uncollected ratio equals 3.9 days.

Question

Quizplus · Accepted Answer

The days' sales uncollected ratio is calculated by dividing accounts receivable by net sales and then multiplying by 365. For Brouski, it would be (750/2900) * 365, which does not equal 3.9 days.

Brouski Had $750 Million in Accounts Receivable and $2,900 Million