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Question 15 (4 points) $10,000 Balance Sheet Cole Eagan Enterprises December 31, 2013 $4,500 Accounts Payable Notes Payable Accruals Total Current Liabilities Long-Term Debt Stockholders'
Question 15 (4 points) $10,000 Balance Sheet Cole Eagan Enterprises December 31, 2013 $4,500 Accounts Payable Notes Payable Accruals Total Current Liabilities Long-Term Debt Stockholders' Equity Total Liabilities & S.E. Cash Accounts Receivable Inventory Total Current Assets Net Fixed Assets Total Assets 1,000 Information supporting the table above is below and is used to answer the question. Sales totaled $110,000 Cost of goods sold was $82,500 Inventory days on hand was 120 The average collection period was 65 days Accounts receivable for Cole Eagan in 2013 was (see table above) a) $14,056 b) $19,589 c) $14,691 d) $18,333
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