Exercise 6-12 Liquid assets and accounts receivable LO A1 Barga Co. reported net sales for...
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Exercise 6-12 Liquid assets and accounts receivable LO A1
Barga Co. reported net sales for 2016 and 2017 of $660,000 and $742,000, respectively. Its year-end balances of accounts receivable follow: December 31, 2016, $62,000; and December 31, 2017, $91,000. a. Complete the below table to calculate the days' sales uncollected at the end of each year. (Round your "Days' Sales Uncollected" answer to 1 decimal place.)
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