Hauser Sports had sales in 2010 of $750,000, cost of sales of $500,000, average accounts receivable of

Question:

Hauser Sports had sales in 2010 of $750,000, cost of sales of $500,000, average accounts receivable of $100,000 and average inventory of $225,000. How many days, on average, does it take Hauser Sports to sell its inventory assuming that all sales are on credit

Accounts Receivable
Accounts 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...