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Which of the Following Is the Formula to Compute Day's

Question 23

Multiple Choice

Which of the following is the formula to compute day's sales in receivable?


A) The formula is Cost of goods sold/Average inventory.
B) The formula is Net credit sales/Average net accounts receivable.
C) The formula is Net credit sales/Average inventory.
D) The formula is Average net accounts receivable/One day's sales.

Correct Answer:

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