Question
A company has net credit sales of $2,000,000, cost of goods sold of $1,490,000, accounts receivables of $202,000, and an ending balance of account receivables
A company has net credit sales of $2,000,000, cost of goods sold of $1,490,000, accounts receivables of $202,000, and an ending balance of account receivables of $245,000. What is the Days' Sales in Receivables (rounded)?
A. 9 days
B. 37 days
C. 41 days
D. 48 days
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Financial Accounting
Authors: Jeffrey Waybright, Robert Kemp, Sherif Elbarrad
2nd Canadian edition
133375536, 9780133845396, 133845397, 978-0133375534
