Question
Barga Company's net sales for Year 1 and Year 2 are $660,000 and $749,000, respectively. Its year-end balances of accounts receivable follow: Year 1, $61,000;
Barga Company's net sales for Year 1 and Year 2 are $660,000 and $749,000, respectively. Its year-end balances of accounts receivable follow: Year 1, $61,000; and Year 2, $90,000. 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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Managerial Accounting A Focus on Ethical Decision Making
Authors: Steve Jackson, Roby Sawyers, Greg Jenkins
5th edition
324663854, 978-0324663853
