Question: 1. Financial statement data for the year ending December 31 for Flagg Co. are as follows: Sales $4,250,000 Accounts receivable: Beginning of year 600,000 End

1.

Financial statement data for the year ending December 31 for Flagg Co. are as follows:

Sales $4,250,000
Accounts receivable:
Beginning of year 600,000
End of year 630,000

Determine the days' sales in receivables for the year.

a.51.5 days

b.50.0 days

c.52.8 days

d.54.1 days

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