Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

A company has annual sales of $ 3 2 , 0 0 0 . and accounts receivables of $ 2 , 2 0 0 .

A company has annual sales of $32,000. and accounts receivables of $2,200.The gross profit margin is 31.3%. The receivable days estimatedfrom the data above is?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting Planning And Control

Authors: Milton F Usry

9th Edition

053801881X, 978-0538018814

More Books

Students explore these related Accounting questions

Question

Does it have at least one-inch margins?

Answered: 3 weeks ago

Question

Does it have correct contact information?

Answered: 3 weeks ago

Question

Does it exceed two pages in length?

Answered: 3 weeks ago