Based on the following information, which of the following is closest to days' sales outstanding? •Revenues =$8,000 •CGS = $4,000 •Accounts receivable= $800 •Inventory = $500 •Accounts payable= $300 Group of answer choices 73 days 91.25 days 36.50 days 45.62 days

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is