Jones Company presents the following financial statement data: Average receivables, less average...

90.2K

Verified Solution

Question

Accounting

Jones Company presents the following financial statement data:

Average receivables, less average allowance for losses of $12 $267
Net sales $2,360
Cost of goods sold $1,580

The average days sales in gross accounts receivable is ________.

41.3

64.5

43.2

39.4

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