Question
Assume all sale are on credit. During 2016, Freedom's days' sales in receivables ratio was (amounts rounded): A. 40 days B. 35 days C. 37
Assume all sale are on credit. During 2016, Freedom's days' sales in receivables ratio was (amounts rounded):
A. 40 days
B. 35 days
C. 37 days
D. 38 days
(Use a 365-day year. Round interim calculations to three decimal places and round your final answer to the nearest whole number.)
DATA TABLE IS ATTACHED.
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Fundamental Accounting Principles Volume II
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
16th Canadian edition
1259261433, 978-1260305838
