Question
Compare Brownes 20X2 days-sales-in-receivables (rounded to the closest day) to their credit terms of 2/10, n/30. Select the most accurate statement: Days sales in accounts
Compare Brownes 20X2 days-sales-in-receivables (rounded to the closest day) to their credit terms of 2/10, n/30. Select the most accurate statement: Days sales in accounts receivable equals 17 days, which is too high compared to the 10-day discount period. Days sales in accounts receivable equals 18 days, which is too low compared to their terms of n/30 days. Days sales in accounts receivable equals 18, which compares very favorably to their credit terms. Days sales in accounts receivable equals 21, which is too high compared to the 10-day discount period.
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