Question
* 26 Candle Shop, Inc. has net sales on account of $1,200,000. The average net accounts receivable are $620,000. Calculate the days' sales in receivables.(Use
* 26 Candle Shop, Inc. has net sales on account of $1,200,000. The average net accounts receivable are $620,000. Calculate the days' sales in receivables.(Use 365 days for any calculations. Round any intermediate calculations and your final answer to two decimal places.) A. 188.14 days OB. 1.94 days C. 236.03 days D. 365 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
Financial Accounting
Authors: Jeffrey Waybright, Robert Kemp
1st Edition
013606048X, 9780136060482
