The Following Balance Sheet Information Was Provided by Western Company

question 143

Multiple Choice

The following balance sheet information was provided by Western Company: 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

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Definitions:

Sexual Selection

A type of natural selection where individuals with certain inherited characteristics are more likely than others to obtain mates, affecting the reproductive success of species.

Genetic Drift

The chance fluctuations of allele frequencies in the gene pool of a population.

Ethnocide

The deliberate and systematic destruction of the culture of an ethnic group.

Collective Cultural Identity

The shared sense of belonging to a group that is collectively defined by its common heritage, traditions, language, and customs.