Question: Using the following select financial statement information from Black Water Industries, compute the number of days' sales in receivables ratios for 2019. Round to two
Using the following select financial statement information from Black Water Industries, compute the number of days' sales in receivables ratios for 2019. Round to two decimal places.
Please show the steps.
| Year | Net Credit Sales | Ending Accounts Receivable |
|---|---|---|
| 2017 | $621,483 | $345,407 |
| 2018 | 698,634 | 349,203 |
| 2019 | 631,828 | 342,858 |
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