Barga Co. reported net sales for 2014 and 2015 of $730,000 and $1,095,000, respectively. Its year-end balances
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Barga Co. reported net sales for 2014 and 2015 of $730,000 and $1,095,000, respectively. Its year-end balances of accounts receivable follow: December 31, 2014, $65,000; and December 31, 2015, $123,000.
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.
Accounts ReceivableAccounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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a Days sales uncollected on December 31 2014 Days sales uncollected on December 31 2015 ...View the full answer
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Related Book For 
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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