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how do solve this? The following selected information relates to Candle Company for the past two years. Account Current year Net sales (all credit) $239,250
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The following selected information relates to Candle Company for the past two years. Account Current year Net sales (all credit) $239,250 Cost of goods sold $117,000 Gross profit $122,250 Income from operations $32,000 Interest expense $2,000 Net income $24.000 Cash $22,000 Accounts receivable, net $28,000 Inventory $53,000 Prepaid expenses $2,000 Prior year $180,000 $110,000 $70,009 $30,000 $7,000 $18,000 $14,000 $31,000 $44,000 $1,000 A. 45.01 days B. 145.21 days C. 76.71 days OD. 2.41 days Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Total long-term assets Total current liabilities Total long-term liabilities Common stock, no par, 2,500 shares, market value $96 per share Retained earnings What is days' sales in receivables for the current year? $22.000 $28,000 $53,000 $2,000 $105,000 $150,000 $60,000 $22,000 $14,000 $31.000 $44,000 $1,000 $90,000 $175,000 $90,000 $78,000 $40,000 $133,000 $40,000 $57,000 A. 45.01 days B. 145.21 days C. 76.71 days D. 2.41 days Step by Step Solution
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