Question
Assets Liabilities Income Data Cash Accounts Receivable Inventory Total Current Assets $95 Accounts Payable $795 Accrued Expenses $885 Notes Payable $1,775 CM LTD Total
Assets Liabilities Income Data Cash Accounts Receivable Inventory Total Current Assets $95 Accounts Payable $795 Accrued Expenses $885 Notes Payable $1,775 CM LTD Total Current Liabilities $645 Net Sales $11,150 $95 COGS $9,475 $695 Operating Expenses $1,355 $175 Purchases $9,885 $1,610 Fixed Assets $1,985 Average Daily: LTD $1,125 Sales $30.55 Total Assets $3,760 Total Liabilities $2,735 COGS $25.96 Operating Expenses $3.71 Equity $1,025 Purchases $27.08 Total Liab. And quity $3,760 Calculate days receivable.
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