# Ancient Grains Unlimited has an accounts receivable turnover ratio of 3.34 times. The net credit sales for the year are $567,920. What is the days’ sales in receivables ratio for 2018 (rounded to the nearest whole number)? A. 190 days B. 109 days C. 110 days D. 101 days 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 14MC Textbook Problem 1 views ## Ancient Grains Unlimited has an accounts receivable turnover ratio of 3.34 times. The net credit sales for the year are$567,920. What is the days’ sales in receivables ratio for 2018 (rounded to the nearest whole number)?A. 190 daysB. 109 daysC. 110 daysD. 101 days

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 choose:

The Days Sales in relievable

### Explanation of Solution

The Days Sales in relievable is calculated as follows:

 Accounts Receivable Turnover (E)= A/D = 3...

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