Question: Based on the following data for the current year, what is the days' sales in receivables? Assume 365 days a year. Sales on account

Based on the following data for the current year, what is the

Based on the following data for the current year, what is the days' sales in receivables? Assume 365 days a year. Sales on account during year $553,909 Cost of goods sold during year 183,117 Accounts receivable, beginning of year 49,397 Accounts receivable, end of year 54,922 Inventory, beginning of year 97,636 Inventory, end of year 100,653 Round your answer up to the nearest whole day. a. 34 Ob. 121 c. 66 Od. 65

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Based on the following data for the current year, what is the days sales in receivables? Assume 3 6 5 days a year. Round your answer up to the nearest whole day. a . 1 2 3 b . 3 1 c . 7 1 d . 6 3

Q:

Based on the following data for the current year, what is the days sales in receivables? Assume 3 6 5 days a year. Round your answer up to the nearest whole day. a . 1 2 3 b . 3 1 c . 7 1 d . 6 3

Q:

Based on the following data for the current year, what is the days' sales in receivables? Assume 365 days a year. Sales on account during year $586,078 Cost of goods sold during year 206,890 Accounts...

Q:

Based on the following data for the current year, what is the days' sales in receivables? Assume 3 6 5 days a year. \ table [ [ Sales on account during year,$ 4 0 3 , 5 9 3

Q:

Based on the following data for the current year, what is the days sales in receivables? Assume 3 6 5 days a year. Round your answer up to the nearest whole day. a . 1 2 3 b . 3 1 c . 7 1 d . 6 3

Q:

Based on the following data for the current year, what is the days' sales in inventory? Assume 365 days a year. Do not round interim calculations. Round your final answer up to the nearest whole day....

Q:

Based on the following data for the current year, what is the days' sales in inventory? Assume 365 days a year. Do not round interim calculations. Round your final answer up to the nearest whole day....

Q:

Based on the following data for the current year, what is the days' sales in inventory? Assume 365 days a year. Do not round interim calculations. Round your final answer up to the nearest whole day....

Q:

Based on the following data for the current year, what is the days' sales in receivables? Assume 365 days a yea Sales on account during year $433,487195,31744,93150,72592,409116,575 Cost of goods...

Q:

Based on the following data for the current year, what is the days' sales in inventory? Line Item Description Amount Sales on account during year $480,825 Cost of goods sold during year 202,529...

Q:

Accounting for Pollution Expenditure Counting Crows Company operates several plants at which limestone is processed into quicklime and hydrated lime. The Eagle Ridge plant, where most of the...

Q:

The Green House has a profit margin of 8.9 percent on sales of $350,800. The firm currently has 28,200 shares of stock outstanding at a market price of $24.80 per share. What is the price-earnings...

Q:

8 This is part of Kim's homework. Question Write an expression for a one-fifth of x add 7 b six subtract two-thirds of y Answers x+7 a 5 66-24 Are Kim's answers correct? If not, write the correct...

Q:

A hula hoop and solid disc of equal radii are rolled, from rest and without slipping, down an incline plane. Which one will reach the bottom of the inclined plane first? Explain.

Q:

I:14-12 What are the more significant tax credit items included in the computation of the general business tax credit?

Q:

I:14-18 What are the underlying reasons for enactment of many of the personal tax credits?

Q:

I:14-11 If Congress is considering a tax credit or deduction as an incentive to encourage certain activities, is a $40 tax credit more valuable than a $200 tax deduction for a taxpayer with a 12%...