MC Qu. 91 The following information is taken from Reagan... The following information is taken from Reagan Company's December 31 balance sheet: Cash and cash equivalents $8,419 Accounts receivable 70,422 Merchandise inventories 60,362 Prepaid expenses 4,100 Accounts payable $14,950 Notes payable 86,638 Other current liabilities 9,500 If net credit sales for the current year were $612,000, the firm's days' sales uncollected for the year is:

MC Qu. 91 The following information is taken from Reagan...

The following information is taken from Reagan Company's December 31 balance sheet:

Cash and cash equivalents	$8,419
Accounts receivable	70,422
Merchandise inventories	60,362
Prepaid expenses	4,100
Accounts payable	$14,950
Notes payable	86,638
Other current liabilities	9,500

If net credit sales for the current year were $612,000, the firm's days' sales uncollected for the year is: