Refer to the Following Selected Financial Information from Marston Company

question 40

Multiple Choice

Refer to the following selected financial information from Marston Company.Compute the company's days' sales uncollected for Year 2.(Use 365 days a year.) $\begin{array}{lrr}& \text { Year 2 } & \text { Year 1 } \\\text { Accounts receivable, net } & 86,500 & 82,750 \\\text { Net sales }& 723,000 & 693,000\end{array}$

• A)43.9.
• B)43.7.
• C)46.2.
• D)85.4.
• E)42.7.

---

Definitions:

Conditions

Stipulations or requirements specified within an agreement or contract that must be met for it to be fully effective.

Holder

An individual or entity that legally possesses a negotiable instrument, like a check or promissory note, and has the right to enforce it.

FTC

The Federal Trade Commission, a U.S. federal agency responsible for consumer protection and the prevention of anti-competitive business practices.

Negotiable Installment Notes

Debt instruments that promise repayments in a series of payments and are transferable to others.