A company with net credit sales of $960,000, beginning net receivables of $70,000, and ending net receivables

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A company with net credit sales of $960,000, beginning net receivables of $70,000, and ending net receivables of $90,000 has days’ sales outstanding closest to:

a. 37 days.

b. 30 days.

c. 34 days.

d. 41 days.

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Financial Accounting

ISBN: 978-0134725987

12th edition

Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

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Question Posted: Jun 13, 2019 09:46 AM

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A company with net credit sales of $960,000, beginning net receivables of $70,000, and ending net receivables

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Financial Accounting

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