Blakemore, Inc. sells to its customers under normal payment terms on 30 days net (payment due...
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Blakemore, Inc. sells to its customers under normal payment terms on 30 days net (payment due 30 days after invoice date). Given the following data, compute the number of days sales outstanding in average accounts receivable. Round up to next whole number and insert your answer in the box provided in the exam (whole number, no decimals or words) and show work in file submitted with last question. Accounts receivable-beginning of year Accounts receivable end of year - Inventory beginning of year Inventory end of year Accounts payable period (days) Annual Sales Annual cost of sales $890,000 $1,450,000 $1,630,000 $2,290,000 40 days $8,100,000 $4,800,000 Blakemore, Inc. sells to its customers under normal payment terms on 30 days net (payment due 30 days after invoice date). Given the following data, compute the number of days sales outstanding in average accounts receivable. Round up to next whole number and insert your answer in the box provided in the exam (whole number, no decimals or words) and show work in file submitted with last question. Accounts receivable-beginning of year Accounts receivable end of year - Inventory beginning of year Inventory end of year Accounts payable period (days) Annual Sales Annual cost of sales $890,000 $1,450,000 $1,630,000 $2,290,000 40 days $8,100,000 $4,800,000
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