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two photos, one question: December 31 20x1 20x0 Cash $32 $28 172 169 210 440 204 420 480 440 Short-term investments Accounts receivable (net) Merchandise
two photos, one question:
December 31 20x1 20x0 Cash $32 $28 172 169 210 440 204 420 480 440 Short-term investments Accounts receivable (net) Merchandise inventory Tangible fixed assets Total assets Current liabilities Total liabilities Common stock outstanding Retained earnings 1,320 1,397 370 368 750 210 360 20x1 Operations Total Sales (all on account) Cost of goods sold Interest expense $4,175 2,880 50 Income tax expense 120 Net income Days sales in Accounts Receivable (Average Collection Period) (using 365 days) for Ostrander Corporation in 20x1 is Select one: 0 17.83 days 18.36 days 18.10 days 26.61 days Step by Step Solution
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