Cyclone Inc Calculate the Days' Sales in Receivables for 2011 and 2010

question 61

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Cyclone Inc.reported the following figures from their financial statements for the years 2009 through 2011:
$$\begin{array} { l r r r } & \underline { 2011 } & \underline { 2010 } & \underline { 2009 } \\\text { Net revenues } & \$ 717,422 & \$ 1,110,178 & \$ 591,786 \\\text { Gross profit } & 560,421 & 960,434 & 498,605 \\\text { Net income (net loss) } & ( 92,788 ) & 70,776 & 47,811 \\\text { Cash flow from operations } & 106,850 & 509,707 & 204,496 \\\text { Accounts receivable } & 68,648 & 90,561 & 56,454\end{array}$$ Calculate the days' sales in receivables for 2011 and 2010:

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Definitions:

July

The seventh month of the Gregorian calendar year.

Budgeted Purchases

The estimated amount of goods or materials a company plans to buy over a certain period, often part of the budgeting process.

Units Manufactured

The total number of units produced by a company in a specific period, reflecting the company's production volume.

Year

refers to a period of twelve months used for financial, business, and calendar purposes.