Ancient Grains Unlimited has an accounts receivable turnover ratio of 3.34 times. The net credit sales for
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Ancient Grains Unlimited has an accounts receivable turnover ratio of 3.34 times. The net credit sales for the year are $567,920. What is the days’ sales in receivables ratio for 2018 (rounded to the nearest whole number)?
A. 190 days
B. 109 days
C. 110 days
D. 101 days
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Related Book For 
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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