The following information is taken from Reagan Company's December 31 balance sheet: 

Cash and cash equivalents $ 9,919 

Accounts receivable 77,922 

Merchandise inventories 67,862 

Prepaid expenses 5,600 

Accounts payable $ 16,450 

Notes payable 94,138 

Other current liabilities 11,000 

If net sales for the current year were $604,000, the firm's days' sales uncollected for the year is: 

(Use 365 days a year.)

Answer rating: 100% (QA)

The days sales uncollected is a measure of how long it ... View the full answer