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The following information is taken from Reagan Company's December 31 balance sheet Cash and cash equivalents Accounts receivable Merchandise inventories Prepaid expenses Accounts payable Notes

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The following information is taken from Reagan Company's December 31 balance sheet Cash and cash equivalents Accounts receivable Merchandise inventories Prepaid expenses Accounts payable Notes payable Other current liabilities $10,219 79,422 69,362 5,900 $16,750 95,638 11,300 If net credit sales for the current year were $602,500, the firm's days' sales uncollected for the year is (Use 365 deys a year.) Muhiple Cholice 80.9 days 160.1 days 707 days O 42.0 days 48.1 deys Next >

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