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A company has annual sales of $4,730,000 and its average daily accounts receivable is $361,000. What is the average days' sales in receivables? Assume
A company has annual sales of $4,730,000 and its average daily accounts receivable is $361,000. What is the average days' sales in receivables? Assume 365 days per year. Multiple Choice 32.50 days 27.86 days 30.95 days 13.10 days 22.80 days
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Financial Accounting
Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice
10th edition
324645570, 978-0324645576
