Question: Based on the following data for the current year, what is the number of days' sales in recevables? Assume 365 by year Sales an account

Based on the following data for the current year, what is the number of days' sales in recevables? Assume 365 by year Sales an account during year 1176,089 Cost of goods sold during year 163,649 Accounts receivable, beginning of year 45,592 Accounts receivable, end of year 18,931 Triventory, beginning of year 80,095 Inventory, end of year 119,287 Round your answer up to the nearest whole day. Oa 125 Ob. 91 Oc76 Od>

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!

On January 1, Elias Corporation issued 7% bonds with a face value of $86,000. The bonds are sold for $83,420. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is...

1. The budgeted cell conversion cost rate includes which of the following? a.direct labor, direct materials, and factory overhead b.only direct labor and factory overhead c.only direct labor and...

Chapter 12Financial Statement Analysis (10 points) MUMULTIPLE CHOICE 1. 1. The relationship of $325,000 to $125,000, expressed as a ratio, is a. 2.0 to 1 b. 2.6 to 1 c. 2.5 to 1 d. 0.45 to 1 2. In a...

Based on the following data for the current year, what is the number of days' sales in receivables (rounded to one decimal place)? Assume 365 days a year. Sales on account during year $437,764...

agenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=8inpro... Based on the following data for the current year, what is the number of days' sales in inventory?...

1. The balance sheets at the end of each of the first two years of operations indicate the following: Year 2 Year 1 Total current assets $600,000 $560,000 Total investments 60,000 40,000 Total...

Question Content Area Based on the following data for the current year, what is the number of days' sales in inventory? Assume 365 days a year. Sales on account during year $501,786 Cost of...

1 - Use the information below for Privett Company to answer the question that follow. Privett Company Accounts payable $ 30,000 Accounts receivable 35,000 Accrued liabilities 7,000 Cash 25,000...

Question Content Area Based on the following data for the current year, what is the number of days' sales in receivables (rounded to one decimal place) ? Assume 365 days a year. Sales on account...

Based on the following data for the current year, what is the number of days' sales in receivables (rounded to one decimal place)? Assume 365 days a year. Sales on account during year $545,479 Cost...

Show that the pseudoinverse A+ satisfies the four Penrose conditions.

Presented below are transactions related to Jennings, Inc. May 10 Purchased goods billed at $20,000 subject to cash discount terms of 2/10, n/60. 11 Purchased goods billed at $18,200 subject to terms...

State TEN ( 1 0 ) princples in financial management

Which one of the following explains the process of social categorization that is mentioned in this week's lecture? A . People tend to put others into different categories, such as women and men. B ....

Acceptance of the key role of people in this process of adaptation.

preference for well defined job functions;

Facilitation of the learning and personal development of all people in the organization through a truly empowering culture.