Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Gummy Co. had COGS for the year of $1million on sales of $4million. They have accounts receivables of $600,000. What are the days sales of

Gummy Co. had COGS for the year of $1million on sales of $4million. They have accounts receivables of $600,000. What are the days sales of receivables for Gummy Co.? What does this number tell us?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance And Accounting For Nonfinancial Managers

Authors: William G. Droms

5th Edition

0738208183, 9780738208183

More Books

Students also viewed these Accounting questions

Question

Introduce and define metals and nonmetals and explain with examples

Answered: 1 week ago

Question

What is IUPAC system? Name organic compounds using IUPAC system.

Answered: 1 week ago

Question

What happens when carbonate and hydrogen react with carbonate?

Answered: 1 week ago