Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which choice is correct? A company has net credit sales of $1,200,000, beginning net accounts receivable of $290,000, and ending net accounts receivable of $201,000.

image text in transcribed

Which choice is correct?

A company has net credit sales of $1,200,000, beginning net accounts receivable of $290,000, and ending net accounts receivable of $201,000. What is the days' sales in accounts receivable? (Round any intermediate calculations to two decimal places, and your final answer to the nearest whole day) O A. 61 days O B. 149 days O C. 88 days O D. 75 days

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

AI In The Financial Markets

Authors: Federico Cecconi

1st Edition

3031265173, 978-3031265174

More Books

Students also viewed these Finance questions

Question

Why are second mortgages offered by some home sellers?

Answered: 1 week ago