Based on the Following Data for the Current Year, What

question 114

Multiple Choice

Based on the following data for the current year, what is the number of days' sales in receivables? $$\begin{array} { l r } \text { Sales on account during year } & \$ 584,000 \\\text { Cost of goods sold during year } & 300,000 \\\text { Accounts receivable, beginning of year } & 45,000 \\\text { Accounts receivable, end of year } & 35,000 \\\text { Inventory, beginning of year } & 90,000 \\\text { Inventory, end of year } & 110,000\end{array}$$

• A) 7.3
• B) 2.5
• C) 14.6
• D) 25

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