Another useful ratio is days sales uncollected . This is the number of days of sales that

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Another useful ratio is days’ sales uncollected . This is the number of days of sales that are reported in Accounts Receivable at the end of the accounting period. Sales per day are total credit sales for the year divided by 365. The formula is:image text in transcribed

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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