ABC has net sales on account of $1,200,000. The average net account receivables are $600,000. The days' sales in receivables is:
A) 439.8 days.
B) 304.0 days.
C) 182.5 days.
D) 8.7 days.

Name: ABC has net sales on account of $1,200,000. The average net account receivables are $600,000. The days' sales in receivables is: A) 439.8 days. B) 304.0 days. C) 182.5 days. D) 8.7 days.
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Question

Quizplus · Accepted Answer

C) Calculations: $1,200,000/$600,000 = 2
365/2 = 182.5

ABC Has Net Sales on Account of $1,200,000