If Boyd Corporation Has Sales of $2 Million Per Year

question 45

Multiple Choice

If Boyd Corporation has sales of $2 million per year (all credit) and days sales outstanding of 35 days,what is its average amount of accounts receivable outstanding (assume a 360 day year) ?

• A) $194,444
• B) $57,143
• C) $5,556
• D) $97,222
• E) $285,714

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