For its most recent year a company had Sales (all on credit) of $600,000 and Cost...

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For its most recent year a company had Sales (all on credit) of $600,000 and Cost of Goods Sold of $400, 000. At the end of the year its Accounts Receivable amounted to $75,000 and its Inventory was $50,000. Accounts Payable was $5,000 and Net Income was $42,000. Calculate the Day's Sales Outstanding O 54 O 45 O 81 O 40 For its most recent year a company had Sales (all on credit) of $600,000 and Cost of Goods Sold of $400, 000. At the end of the year its Accounts Receivable amounted to $75,000 and its Inventory was $50,000. Accounts Payable was $5,000 and Net Income was $42,000. Calculate the Day's Sales Outstanding O 54 O 45 O 81 O 40

Answer rating: 100% (QA)

The correct answer is 45 Days sales outstanding Accounts Receivable Net Credit Sales 360 days Ac... View the full answer