   # Berry Farms has an accounts receivable balance at the end of 2018 of $425,650. The net credit sales for the year are$924,123. The balance at the end of 2017 was $378,550. What is the number of days’ sales in receivables ratio for 2018 (round all answers to two decimal places)? FindFindarrow_forward ### Principles of Accounting Volume 1 19th Edition OpenStax Publisher: OpenStax College ISBN: 9781947172685 #### Solutions Chapter Section FindFindarrow_forward ### Principles of Accounting Volume 1 19th Edition OpenStax Publisher: OpenStax College ISBN: 9781947172685 Chapter 9, Problem 12Q Textbook Problem 1 views ## Berry Farms has an accounts receivable balance at the end of 2018 of$425,650. The net credit sales for the year are $924,123. The balance at the end of 2017 was$378,550. What is the number of days’ sales in receivables ratio for 2018 (round all answers to two decimal places)?

To determine

Concept introduction:

Days Sales uncollected:

This is an efficiency ratio that indicates the period for which credit sales remain as receivable. The ratio is calculated by multiplying Accounts receivable with 365 days and dividing the result by Net Sales. The formula for Days Sales uncollected is as follows:

Days Sales uncollected = Accounts Receivable * 365Net Sales

To calculate:

The number of day’s sales in receivable ratio.

### Explanation of Solution

The number of day’s sales in receivable ratio is calculated as follows:

 Net Credit Sales (A) $924,123 Beginning Accounts Receivable (B)$ 378,550 Ending Accounts Receivable (...

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