A company has Net sales of $1,700,000,Beginning net receivables of $240,000 and Ending net receivables of $180,000.What is Days' sales in accounts receivable? (Please round to the nearest whole dollar.)
A) 50 days
B) 48 days
C) 45 days
D) 41 days

Question

Quizplus · Accepted Answer

C) Calculation: [$1,700,000/($240,000 + $180,000)/2] = approximately 8; 360/8 = 45

A Company Has Net Sales of $1,700,000,Beginning Net Receivables of $240,000