Question
Blue Corporation had Accounts Receivable (net) on its 12/31/20 and 12/31/19 balance sheets of $525,000 and $475,000 respectively. Blues Net Sales for the fiscal year
Blue Corporation had Accounts Receivable (net) on its 12/31/20 and 12/31/19 balance sheets of $525,000 and $475,000 respectively. Blue"s Net Sales for the fiscal year 2020 were $9,000,000, and it's Cost of Goods Sold was $4,000,000. What was Blue's approximate receivable days outstanding for 2020?
| A. | 30 | |
| B. | 45 | |
| C. | 20 | |
| D. | 12 |
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Sound Investing, Chapter 10 - One-Time Charges And Other Format Fakes
Authors: Kate Mooney
2nd Edition
0071719326, 9780071719322
