The Following Balance Sheet Information Was Provided by Western Company

question 166

Multiple Choice

The following balance sheet information was provided by Western Company: $\begin{array}{lrr}\text { Assets } & \text { Year 2 } &{\text { Year 1 }} \\\text { Cash } & \$ 4,000 & \$ 2,000 \\\text { Accounts receivable } & 15,000 & 12,000 \\\text { Inventory } & \$ 35,000 & \$ 38,000\end{array}$ Assuming Year 2 net credit sales totaled $270,000, what was the company's average days to collect receivables? (Use 365 days in a year. Do not round your intermediate calculations.)

• A) 18.25 days
• B) 47.31 days
• C) 16.22 days
• D) 20.28 days

---

Definitions:

Compliance

The act of conforming to or following rules, standards, or another's wishes, often due to pressure or regulation.

Obedience

The act of following orders or directions from others, usually those in a position of authority.

Cooperation

Involves working together towards a common goal, often emphasizing teamwork and collaboration.

Social Roles

Expected behaviors and duties assigned to individuals based on their position within a society, group, or organization.