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1. Financial statement data for the year ending December 31 for Flagg Co. are as follows: Sales $4,250,000 Accounts receivable: Beginning of year 600,000 End
1.
Financial statement data for the year ending December 31 for Flagg Co. are as follows:
Sales | $4,250,000 |
Accounts receivable: | |
Beginning of year | 600,000 |
End of year | 630,000 |
Determine the days' sales in receivables for the year.
a.51.5 days
b.50.0 days
c.52.8 days
d.54.1 days
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