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The Daisy Company had net credit sales of $ 8 8 0 , 0 0 0 for the year. Cash sales for the year were
The Daisy Company had net credit sales of $ for the year. Cash sales for the year were $ Its receivables at the beginning of the year were $ and at the end of the year they had increased to $ The Daisy Company has credit terms of net days. Compute the days' sales outstanding and evaluate the ratio as strong or weak. Round any intermediary calculations to two decimal places and your final answer to the nearest day.
A Days' sales outstanding days; strong
B Days' sales outstanding days; strong
C Days' sales outstanding days; weak
D Days' sales outstanding days; weak
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