Question: Bargains Co reported annual net sales for 2012 and 2013

Bargains Co. reported annual net sales for 2012 and 2013 of $ 665,000 and $ 747,000, respectively. Its year-end balances of accounts receivable follow: December 31, 2012, $ 61,000; and December 31, 2013, $ 93,000.
(a) Calculate its days’ sales uncollected at the end of each year. Round the number of days to one decimal.
(b) Evaluate and comment on any changes in the amount of liquid assets tied up in receivables.


View Solution:


Sale on SolutionInn
Sales2
Views669
Comments
  • CreatedNovember 26, 2013
  • Files Included
Post your question
5000