Answered: 500, beginning accounts receivable of…

Name: 18. A company had net sales of $31,500, beginning accounts receivable
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Description: 18. A company had net sales of $31,500, beginning accounts receivable of $3,100 and ending accounts receivable of $2,300 for the current period. Its days' sales uncollected is equal to: A. 11.7 daysB. 23.3 daysC. 31.3 daysD. 42.5 days

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500, beginning accounts receivable of $3,100 and ending accounts receivable of $2,300 for the current period. Its days' sales uncollected is equal to: A. 11.7 daysB. 23.3 daysC. 31.3 daysD. 42.5 days

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 44E: Whalen Company had net sales of 125,500,250,000. Whalen had the following balances: Required: Note:...

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