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The following balance sheet information was provided by Western Company: Assets Year 2 Year 1 Cash $2,200 $1,700 Accounts receivable $16,000 $14,000 Inventory $26,000 $32,000
The following balance sheet information was provided by Western Company: Assets Year 2 Year 1 Cash $2,200 $1,700 Accounts receivable $16,000 $14,000 Inventory $26,000 $32,000 Assuming Year 2 net credit sales totaled $122,000, what was the company's average days to collect receivables? (Use 365 days in a year. Do not round your intermediate calculations.)
Assuming Year 2 net credit sales totaled $122,000, what was the company's average days to collect receivables? (Use 365 days in a year. Do not round your intermediate calculations.) Multiple Choice 89.8 days 41.9 days 44.9 days 47.9 daysStep by Step Solution
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