Based on the following data for the current year, what is the number of sale's days in accounts receivable?

Net sales on account during the year $584,000

Cost of merchandise sold during the year 300,000

Accounts receivable, beginning of year 45,000

Accounts receivable, end of year 35,000

Inventory, beginning of year 90,000

Inventory, end of year 110,000

Answer rating: 100% (QA)

To calculate the number of sales days in accounts receivable we need to divide the average account... View the full answer