The following annual account balances are from Armour Sports at December 31. Year 1 $ 34,850 362,239 Accounts receivable Net sales Year 2 $ 41,028 455,411 a. Complete the below table to calculate the number of days' sales uncollected for the Year 1 and Year 2. (Do not round intermed calculations. Round your "Days' Sales Uncollected" to 1 decimal place.) Year 2: Year 1: Choose Numerator: I 1 1 1 Days' Sales Uncollected Choose Denominator: X Days X X X = = 11 Days' Sales Uncollected Days' sales uncollected days days

The following annual account balances are from Armour Sports at December 31. Year 1 $ 34,850 362,239 Accounts receivable Net sales Year 2 $ 41,028 455,411 a. Complete the below table to calculate the number of days' sales uncollected for the Year 1 and Year 2. (Do not round intermed calculations. Round your "Days' Sales Uncollected" to 1 decimal place.) Year 2: Year 1: Choose Numerator: I 1 1 1 Days' Sales Uncollected Choose Denominator: X Days X X X = = 11 Days' Sales Uncollected Days' sales uncollected days days

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 43E: Montalcino Company had net sales of 54,000,000. Montalcino had the following balances: Required:...

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