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Marie's Clothing Store had an accounts receivable balance of $400,000 at the beginning of the year and a year-end balance of $610,000. Net credit sales
Marie's Clothing Store had an accounts receivable balance of $400,000 at the beginning of the year and a year-end balance of $610,000. Net credit sales for the year totaled $3,600,000. The average collection period of the receivables was: (Round any intermediary calculations to two decimal places and your final answer to the nearest day.) O A. 41 days O B. 62 days O C. 51 days OD. 11 days. Carey's Department Store had net sales of $20 million and cost of goods sold of $16.00 million for the year. The beginning inventory for the year was $9.00 million. The ending inventory for the year was $10.00 million. What was the days' inventory outstanding? (Round any intermediary calculations to two decimal places and your final answer to the nearest day.) O A. 41 days OB. 37 days O c. 23 days OD. 217 days
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