Calculate and interpret the days sales uncollected for 2023 and 2022 based on the following selected information

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Calculate and interpret the days’ sales uncollected for 2023 and 2022 based on the following selected information for Lumbar Cushions Company (round to two decimal places):

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Fundamental Accounting Principles Volume 2

ISBN: 9781260881332

17th Canadian Edition

Authors: Kermit D. Larson, Heidi Dieckmann, John Harris

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Question Posted: Jun 14, 2023 07:17 AM

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Calculate and interpret the days sales uncollected for 2023 and 2022 based on the following selected information

Question:

Accounts receivable Net sales 2023 2022 $ 220,000 $ 160,000 2,380,000 1,450,000

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The days sales uncollected measures how much time is likely to pass before ...View the full answer

Fundamental Accounting Principles Volume 2

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