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24) The following information relates to Truman Unlimited for the past two years Current vear Prior year Account Net sales (all credit) Cost of goods
24) The following information relates to Truman Unlimited for the past two years Current vear Prior year Account Net sales (all credit) Cost of goods sold Gross profit Income from operations Interest expense Net income Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Total long-term assets Total current liabilities Total long-term liabilities Common stock, no par, 2,500 shares, market value $96 per share Retained earnings $219,000 $125,000 $94,000 $32,000 $2,000 $25,000 $25,000 $26,000 $65,000 $2,000 $118,000 $162,750 $60,000 $22,000 $180,000 $110,000 $70,000 $30,000 $7,000 $18,000 $17,000 $35,000 $60,000 $1,000 $113,000 $187,751 $90,000 $78,000 $40,000 $158,750 $40,000 $92,751 Days' sales in receivables for the current year is closest to A) 9.60 days B) 50.83 days C) 79.50 days D) 61.85 days
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