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The following balance sheet information was provided by Western Company: Assets Year 2 Year 1 Cash $3,400 $2,900 Accounts receivable $22,000 $20,000 Inventory $38,000 $44,000
The following balance sheet information was provided by Western Company: Assets Year 2 Year 1 Cash $3,400 $2,900 Accounts receivable $22,000 $20,000 Inventory $38,000 $44,000 Assuming Year 2 net credit sales totaled $134,000, what was the company's average days to collect receivables? Note: Use 365 days in a year. Do not round your intermediate calculations. Multiple Choice 59.9 days 57.2 days 54.5 days 114.4 days
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