Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company has net credit sales of $91,000, beginning net accounts receivable of $23,000 and ending net accounts receivable of $18.00 Calculate the days' sales

image text in transcribed

A company has net credit sales of $91,000, beginning net accounts receivable of $23,000 and ending net accounts receivable of $18.00 Calculate the days' sales in receivables. (Round any intermediate calculations to two decimal places, and your final answer to the newest whole day.) A. 82 days B. 91 days C. 73 days D. 52 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

Auditing And Assurance Services An Integrated Approach

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley

10th Edition

0131457349, 978-0131457348

More Books

Students also viewed these Accounting questions