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Week 13 Lab part 2 problem Calculate Days Sales in Accounts Receivable for 2020 Required Compute the 'days sales in receivables' for 2020, using
Week 13 Lab part 2 problem Calculate "Days Sales in Accounts Receivable" for 2020 Required Compute the 'days sales in receivables' for 2020, using the formula below. Compare the results for 2020 and 2021 - which is better? The computation for "Days Sales in AR" for 2021 is "part 1" tab at bottom. The following data is taken from the records of Mom & Pop Inc. Mom & Pop Inc. 2021 2020 Net Sales $ Accounts Receivable $ 2019 7,300 $ 6,205 $ 5,840 660 $ 620 $ 570 Formula Days Sales in Receivables = Average Accounts Receivable Average Daily Sales
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