What is the number of days’ sales in receivables?  Round to one decimal place. Group of answer choices 60 days 45 days 30 days 22 days

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 4BE
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A company reports the following:

 Average Daily Sales

$1,365

Average accounts receivable (net)

    30,030

What is the number of days’ sales in receivables?  Round to one decimal place.

Group of answer choices
60 days
45 days
30 days
22 days
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