Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company has net credit sales of $2,000,000, a beginning balance of net receivables of $204,000, and an ending balance of net receivables of $245,000.

image text in transcribed

A company has net credit sales of $2,000,000, a beginning balance of net receivables of $204,000, and an ending balance of net receivables of $245,000. What is the company's days' sales outstanding? (Round any intermediary calculations to two decimal places and your final answer to the nearest day.) O A. 45 days O B. 9 days OC. 41 days OD. 37 days

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

Step: 3

blur-text-image

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

Unofficial Guide To Medical Research Audit And Teaching

Authors: Ceen-Ming Tang BA BM BCh MRCGP, Colin Fischbacher, Zeshan Qureshi BM BSc MSc MRCPCH FAcadMEd MRCPS

1st Edition

0957149980, 978-0957149984

More Books

Students also viewed these Accounting questions