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Cherry Farms has an accounts receivable balance at the end of 2018 of $425,650. The net credit sales for the year are $924,123. The balance
Cherry Farms has an accounts receivable balance at the end of 2018 of $425,650. The net credit sales for the year are $924,123. The balance at the end of 2017 was $378,550. What is the number of days' sales in receivables ratio for 2018 ? You may reference your slides for the formula. 163.45 days 158.70 days 134.42 days 100 days
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