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1 2 IB MC QU. 06-91 (Algo) Ine Tollowing information... The following information is taken from Reagan Company's December 31 balance sheet Cash and
1 2 IB MC QU. 06-91 (Algo) Ine Tollowing information... The following information is taken from Reagan Company's December 31 balance sheet Cash and cash equivalents Accounts receivable. Merchandise inventories Prepaid expenses points Accounts payable Skipped Notes payable Other current liabilities $ 8,819 72,422 62,362 4,500 $ 15,350 88,638 eBook 9,900 If net sales for the current year were $609,500, the firm's days' sales uncollected for the year is: (Use 365 days a year.) Ask Multiple Choice Print References 155.4 days 37.3 days 43.4 days 72.4 days 62.3 days
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