Question
Barga Company's net sales for Year 1 and Year 2 are $662,000 and $750,000, respectively. Its year-end balances of accounts receivable follow: Year 1, $56,000;
Barga Company's net sales for Year 1 and Year 2 are $662,000 and $750,000, respectively. Its year-end balances of accounts receivable follow: Year 1, $56,000; and Year 2, $92,000.
a. Complete the below table to calculate the days' sales uncollected at the end of each year. b. Did days sales uncollected improve or worsen in Year 2 versus Year 1?
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
