Refer to the following selected financial information from McCormik, LLC. Compute the company's days' sales uncollected for Year 2.
A)43.9.
B)42.3.
C)46.2.
D)80.0.
E)113.3.

Name: Refer to the following selected financial information from McCormik, LLC. Compute the company's days' sales uncollected for Year 2. A)43.9. B)42.3. C)46.2. D)80.0. E)113.3.
Brand: Quizplus
Rating: 4.9 (33 reviews)

Question

Refer to the following selected financial information from McCormik, LLC. Compute the company's days' sales uncollected for Year 2. 
A)43.9. 
B)42.3. 
C)46.2. 
D)80.0. 
E)113.3.

Quizplus · Accepted Answer

Days' sales uncollected = Accounts receivable / (Net sales/365)
Days' sales uncollected for Year 2 = 100/((600+500)/2 / 365) = 43.9

Refer to the Following Selected Financial Information from McCormik, LLC