Outdoors Unlimited Had Net Sales for YR 1 of $285,000

question 74

Essay

Outdoors Unlimited had net sales for YR 1 of $285,000 and $575,000 for YR 2. The year-end balances of accounts receivable were $49,000 for YR 1 and $85,000 for YR 2. Calculate the days' sales uncollected at the end of each year (to the nearest day) and describe any changes in the apparent liquidity of the company's receivables.

---

Definitions:

Restart Command

A command issued to an operating system or software to close and then immediately reinitialize or reboot.

Windows

An operating system developed by Microsoft Corporation that provides a graphical user interface for managing computer files and running software applications.

Running Apps

Applications that are actively operating or being executed in the background or foreground of a computer or mobile device's operating system.

Named Unit

A specific, identified item or element in a set or system, often unique within its context.