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with this HW question Feltzen CO. reports sales of $10,000,000 for 2002 with a gross profit margin of 40%. 20% of its sales are on
with this HW question Feltzen CO. reports sales of $10,000,000 for 2002 with a gross profit margin of 40%. 20% of its sales are on credit. 2001 2002 AR $150,000 170,000 Inventory 900,000 1,000,000 AP 1,100,000 1,200,000 1.Accounts receivable days outstanding at the end of 2002 using the year end receivable balance. a. 30.6 days b. 28.8 days c. 27 days d. 6.1 days
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