Based on the following data for the current year, what is the number of days' sales in receivable?Net sales on account during year$495,046Cost of goods sold during year202,912Accounts receivable, beginning of year45,637Accounts receivable, end of year52,238Inventory, beginning of year94,359Inventory, end of year104,951Round your answer up to the nearest whole day.

Calculate accounts receivable turnover:

Answered: Based on the following data for the…

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 44E: Whalen Company had net sales of 125,500,250,000. Whalen had the following balances: Required: Note:...

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Based on the following data for the current year, what is the number of days' sales in receivable?

Net sales on account during year	$495,046
Cost of goods sold during year	202,912
Accounts receivable, beginning of year	45,637
Accounts receivable, end of year	52,238
Inventory, beginning of year	94,359
Inventory, end of year	104,951

Round your answer up to the nearest whole day.

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