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Question Content Area Based on the following data for the current year, what is the number of days' sales in receivables (rounded to one decimal
Question Content Area
Based on the following data for the current year, what is the number of days' sales in receivables (rounded to one decimal place)? Assume 365 days a year.
Sales on account during year | $493,463 |
Cost of merchandise sold during year | 170,576 |
Accounts receivable, beginning of year | 40,446 |
Accounts receivable, end of year | 47,225 |
Merchandise inventory, beginning of year | 91,606 |
Merchandise inventory, end of year | 101,177 |
a.74.8 days
b.71.3 days
c.126.2 days
d.32.4 days
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