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DANATA Corporation reports sales of $10 million for Year 2, with a gross profit margin of 40%. 20% of DANATA's sales are on credit. Accounts
DANATA Corporation reports sales of $10 million for Year 2, with a gross profit margin of 40%. 20% of DANATA's sales are on credit. Accounts receivable Inventory Accounts payable Year 1 150,000 900,000 1,100,000 Year 2 170,000 1,000,000 1,200,000 Find the accounts receivable days outstanding at the end of Year 2? Assume 365 days per year
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