The following balance sheet information was provided by Western Company: Assuming Year 2 net credit sales totaled $365,000, what was the company's average days to collect receivables? (Use 365 days in a year. Do not round your intermediate calculations. Round your answer to 2 decimal places.)
A)25.00 days
B)21.50 days
C)28.50 days
D)52.00 days

Question

The following balance sheet information was provided by Western Company:  Assuming Year 2 net credit sales totaled $365,000, what was the company's average days to collect receivables? (Use 365 days in a year. Do not round your intermediate calculations. Round your answer to 2 decimal places.)
A)25.00 days 
B)21.50 days 
C)28.50 days 
D)52.00 days

Quizplus · Accepted Answer

The Answer of The following balance sheet information was provided by Western Company:  Assuming Year 2 net credit sales totaled $365,000, what was the company's average days to collect receivables? (Use 365 days in a year. Do not round your intermediate calculations. Round your answer to 2 decimal places.)
A)25.00 days 
B)21.50 days 
C)28.50 days 
D)52.00 days

The Following Balance Sheet Information Was Provided by Western Company