Hornish Co.had net sales of $5,265 million and accounts receivable of $225 million.Its days' sales uncollected was
A)2.98
B)15.6
C)19.4
D)81.8
E)65.2

Name: Hornish Co.had net sales of $5,265 million and accounts receivable of $225 million.Its days' sales uncollected was A)2.98 B)15.6 C)19.4 D)81.8 E)65.2
Brand: Quizplus
Rating: 4.9 (44 reviews)

Question

Quizplus · Accepted Answer

Days' Sales Uncollected = (Accounts Receivable / Net Sales) * Number of Days in Period
= (225 million / 5,265 million) * 365 days
= 15.6 days