The following balance sheet information was provided by Western Company: Assets Cash Year 2 Year 1...

  

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The following balance sheet information was provided by Western Company: Assets Cash Year 2 Year 1 $ 4,000 $ 2,000 15, 000 Accounts receivable Inventory 12, 000 $35, 000 $38, 000 Assuming Year 2 net credit sales totaled $270,000, what were the company's average days to collect receivables? (Use 365 days in a year. Do not round Intemediate calculations.) Multiple Choice 20.28 days 4731 days 18.25 days 16.22 dnys The following balance sheet information was provided by Western Company: Assets Cash Year 2 Year 1 $ 4,000 $ 2,000 15, 000 Accounts receivable Inventory 12, 000 $35, 000 $38, 000 Assuming Year 2 net credit sales totaled $270,000, what were the company's average days to collect receivables? (Use 365 days in a year. Do not round Intemediate calculations.) Multiple Choice 20.28 days 4731 days 18.25 days 16.22 dnys

Answer rating: 100% (QA)

The answer is option c 1825 days Ave... View the full answer