need help asap please Pacific Corporation reported...

60.1K

Verified Solution

Question

Accounting

need help asap please
image
image
image
image
Pacific Corporation reported the following financial statements: (Click the icon to view the financial statements.) Assume all sales are on credit. During 2025, Pacific's days' sales in receivables ratio was (amounts rounded) (Use a 365-day year, Round interien calculations to three decimal places and round your final answer to the nearest whole number.) A. 28 dris. B. 26 days. C. 23 days. D. 24 days, Financial Statements \begin{tabular}{|c|c|c|c|} \hline Total Current Assets & & 6,731 & 6,448 \\ \hline Other Assets & & 18,657 & 14,701 \\ \hline Total Assets & $ & 25,388$ & 21,149 \\ \hline \multicolumn{4}{|l|}{ Liabilities } \\ \hline Current Liabilities & $ & 7,459$ & 8,734 \\ \hline Long-term Liabilities & & 4,618 & 2,336 \\ \hline Total Liabilities & & 12,077 & 11,070 \\ \hline Stockholders' Equity & & & \\ \hline Common Stock, no par & & 6,811 & 3,979 \\ \hline Retained Earnings & A & 6,5nn & 6,100 \\ \hline Total Stockholders' Equity & & 13,3 & 10,079 \\ \hline Total Liabilities and Stockholders' Equity & $ & 25,388S & 21,149 \\ \hline \end{tabular} nancial Statements \begin{tabular}{|c|c|c|c|} \hline ommon Stock, no par & & 6,811 & 3,979 \\ \hline etained Earnings & : & 6,500 & 6,100 \\ \hline tal Stockholders' Equity & & 13,311 & 10,079 \\ \hline otal Liabilities and Stockholders' Equi & $ & 25,388$ & 21,149 \\ \hline \end{tabular} Pacific Corporation reported the following financial statements: (Click the icon to view the financial statements.) Assume all sales are on credit. During 2025, Pacific's days' sales in receivables ratio was (amounts rounded) (Use a 365-day year, Round interien calculations to three decimal places and round your final answer to the nearest whole number.) A. 28 dris. B. 26 days. C. 23 days. D. 24 days, Financial Statements \begin{tabular}{|c|c|c|c|} \hline Total Current Assets & & 6,731 & 6,448 \\ \hline Other Assets & & 18,657 & 14,701 \\ \hline Total Assets & $ & 25,388$ & 21,149 \\ \hline \multicolumn{4}{|l|}{ Liabilities } \\ \hline Current Liabilities & $ & 7,459$ & 8,734 \\ \hline Long-term Liabilities & & 4,618 & 2,336 \\ \hline Total Liabilities & & 12,077 & 11,070 \\ \hline Stockholders' Equity & & & \\ \hline Common Stock, no par & & 6,811 & 3,979 \\ \hline Retained Earnings & A & 6,5nn & 6,100 \\ \hline Total Stockholders' Equity & & 13,3 & 10,079 \\ \hline Total Liabilities and Stockholders' Equity & $ & 25,388S & 21,149 \\ \hline \end{tabular} nancial Statements \begin{tabular}{|c|c|c|c|} \hline ommon Stock, no par & & 6,811 & 3,979 \\ \hline etained Earnings & : & 6,500 & 6,100 \\ \hline tal Stockholders' Equity & & 13,311 & 10,079 \\ \hline otal Liabilities and Stockholders' Equi & $ & 25,388$ & 21,149 \\ \hline \end{tabular}

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