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Norman Co Had $5,925 Million in Sales and $1,155 Million in in Ending

Question 166

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Norman Co. had $5,925 million in sales and $1,155 million in ending accounts receivable for the current period. For the same period, Opal Co. reported $5,885 million in sales and $790 million in ending accounts receivable. Calculate the days' sales uncollected for both companies as of the end of the current period and indicate which company is doing a better job in managing the collection of its receivables.

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Days' Sales Uncollected Ratio ...

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