A company had net sales of $84,000 and accounts receivable of $6,720. Its days’ sales uncollected is a. 3.2 days. c. 230.0 days. e. 12.5 days. b. 18.4 days. d. 29.2 days.
A company had net sales of $84,000 and accounts receivable of $6,720. Its days’ sales uncollected is a. 3.2 days. c. 230.0 days. e. 12.5 days. b. 18.4 days. d. 29.2 days.
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 1P: Greene Sisters has a DSO of 20 days. The companys average daily sales are 20,000. What is the level...
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A company had net sales of $84,000 and accounts receivable
of $6,720. Its days’ sales uncollected is
a. 3.2 days. c. 230.0 days. e. 12.5 days.
b. 18.4 days. d. 29.2 days.
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