The 2019 income statements of Leggett & Platt, Inc. reports net sales of $3,749.9 million. The balance

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The 2019 income statements of Leggett & Platt, Inc. reports net sales of $3,749.9 million. The balance sheet reports accounts receivable, net of $486.6 million at December 31, 2019 and $520.2 million at December 31, 2018.

The days sales outstanding in 2019 was:

a. 49 days

b. 10 days

c. 44 days

d. 8 days

and please explain why

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Managerial Accounting

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Authors: Stacey Whitecotton, Robert Libby, Fred Phillips

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Posted Date: Sep 27, 2022 05:22 AM

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The 2019 income statements of Leggett & Platt, Inc. reports net sales of $3,749.9 million. The balance

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Managerial Accounting

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