Return to the data in the preceding question. A year ago receivables stood at ($66,900), and sales

Question:

Return to the data in the preceding question. A year ago receivables stood at \($66,900\), and sales for the current year totaled \($706,600\). How many days did it take you to collect your average level of receivables?

a. 35

b. 49

c. 30

d. 29

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial And Managerial Accounting

ISBN: 9780135080191

2nd Edition

Authors: Charles T Horngren, Jr Walter T Harrison

Question Posted: