The Following Balance Sheet Information Was Provided by Western Company

question 68

Multiple Choice

The following balance sheet information was provided by Western Company: $\begin{array}{l}\begin{array}{|l}\hline \text { Assets}\\\hline \text { Cash}\\\hline \text { Accounts receivable}\\\hline \text { Inventory}\\\hline\end{array}\begin{array}{r|}\hline 2014 \\\hline \$ \quad 4,000 \\\hline 15,000 \\\hline \$ \quad 35,000\\\hline \end{array}\begin{array}{r|}\hline 2013 \\\hline \$ \quad2,000 \\\hline 12,000 \\\hline \$ \quad 38,000\\\hline \end{array}\end{array}$ 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

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Definitions:

Sociability

The quality of being willing to engage in social interactions and form relationships with others.

Self-Esteem

An individual's subjective evaluation of their own worth or value, influencing attitudes and behaviors.

Life Experiences

The collective events, situations, and activities that an individual has encountered over the course of their life.

Big Five

A personality model that outlines five broad dimensions of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.