60.1K
Verified Solution
Link Copied!
Based on the following data for the current year, what is the number of days' sales in accounts receivable?
Net sales on account during year $584,000
Cost of merchandise sold during year 300,000
Accounts receivable, beginning of year 45,000
Accounts receivable, end of year 35,000
Inventory, beginning of year 90,000
Inventory, end of year 110,000
a 5.8
b.11.4
c.21.9
d.22.5
Answer & Explanation
Solved by verified expert