Based on the following data for the current year, what is the number of days'...

60.1K

Verified Solution

Question

Accounting

Based on the following data for the current year, what is the number of days' sales in accounts receivable?

Net sales on account during year $584,000

Cost of merchandise sold during year 300,000

Accounts receivable, beginning of year 45,000

Accounts receivable, end of year 35,000

Inventory, beginning of year 90,000

Inventory, end of year 110,000

a 5.8

b.11.4

c.21.9

d.22.5

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students