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The following balance sheet information was provided by Western Company: Assets Cash Accounts receivable Inventory Multiple Choice Assuming Year 2 net credit sales totaled $125,000,
The following balance sheet information was provided by Western Company: Assets Cash Accounts receivable Inventory Multiple Choice Assuming Year 2 net credit sales totaled $125,000, what was the company's average days to collect receivables? Note: Use 365 days in a year. Do not round your intermediate calculations. O 45.3 days 96.4 days 48.2 days Year 2 $2,500 $17,500 $29,000 511 days Year 1 $2,000 $15,500 $35,000
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