Answered step by step
Verified Expert Solution
Question
1 Approved Answer
22. Net sales for the current period were $114,000 and average receivables were $96,250. What is the amount of days sales in receivables? A. 233
22. Net sales for the current period were $114,000 and average receivables were $96,250. What is the amount of days sales in receivables?
A. 233 days
B. 266 days
C. 308 days
D. 416 days
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
College Accounting A Practical Approach Chapters 1-25
Authors: Jeffrey Slater
12th Edition
013277206X, 978-0132772068
