The Following Information Was Available for the Year Ended December

question 32

Multiple Choice

The following information was available for the year ended December 31, 2019: $\begin{array}{lr}\text { Net sales } & \$ 300,000 \\\text { Cost of goods sold } & 210,000 \\\text { Average accounts receivable for the year } & 15,000 \\ \text { Accounts receivable at year-end } & 18,000 \\\text { Average inventory for the year } & 60,000 \\\text { Inventory at year-end } & 70,000\end{array}$ The number of days' sales in accounts receivable for 2019, using year- end accounts receivable were:

• A)18.3 days
• B)21.9 days
• C)26.1 days
• D)31.1 days

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Definitions:

Assertive

Refers to confidently expressing one's thoughts and feelings in a direct, honest, and respectful way.

Vacation

A period of time devoted to rest, leisure, and enjoyment, typically away from work or school.

Defensive Reaction

A protective response or behavior triggered by perceived criticism or threat, often resulting in justification or excuses.

Counterattack

An aggressive response or action taken against an initial attack or challenge.