A company had net sales of $21,500 and ending accounts receivable of $2,700 for the current period.Its days' sales uncollected equals: (Use 365 days a year.)
A)8.0 days.
B)58.9 days.
C)45.8 days.
D)7.4 days.
E)45.2 days.

Question

Quizplus · Accepted Answer

Days' Sales Uncollected = (Ending Accounts Receivable / Net Sales) x Number of days in the year
= ($2,700 / $21,500) x 365
= 45.8 days

A Company Had Net Sales of $21,500 and Ending Accounts