Chapter 6 Post Quiz Flashcard x newconnect.mheducation.com/flow/connect.html Test 2 Seved Help Save & E The following information is taken from Reagan Company's December 31 balance sheet 28 Cash and canh equivalents Accounts receivable 8,419 70,422 Merchandise inventories 60,362 Prepaid expenses Accounts payable Notes payable Other current liabilities 4,100 $14,950 86,638 9,500 If net sales for the current year were $612,000, the firm's days' sales uncollected for the year is: (Use 365 days a year.) Multiple Choice 60 days 85 days 42 days 154 days Prev 28 of 30 Next> Me Grw