Question
Inc. had credit sales of $300,000 during the year. The beginning of the year balance in net accounts receivable was $50,000 and the end of
Inc. had credit sales of $300,000 during the year. The beginning of the year balance in net accounts receivable was $50,000 and the end of the year balance in net accounts Receivable was $100,000. What was Incs days sales in accounts receivable for the year?
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Managerial Accounting
Authors: Peter Clarke
2nd Edition
9781907214240
