Question: Based on the following data for the current year, what is the number of days' sales in receivables? Assume 365-Day year. Sales on account during
Based on the following data for the current year, what is the number of days' sales in receivables? Assume 365-Day year. Sales on account during year $534,451 Cost of goods sold during year 168,102 Accounts receivable, beginning of year 48,195 Accounts receivable, end of year 46,584 Inventory, beginning of year 92,501 Inventory, end of year 106,780 Round your answer up to the nearest whole day.
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