A Company Has Net Credit Sales of $1,200,000,beginning Net Accounts

question 16

Multiple Choice

A company has net credit sales of $1,200,000,beginning net accounts receivable of $260,000 and ending net accounts receivable of $203,000.What is the days' sales in receivables? Use a 365-day year.(Round to the nearest day. )

• A)62 days
• B)79 days
• C)70 days
• D)141 days

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Definitions:

Ureter

A pair of muscular tubes that transport urine from the kidneys to the urinary bladder.

Renal Vein

The blood vessel that carries filtered blood away from the kidneys to the inferior vena cava, completing the blood's cleansing process.

Renal Artery

A blood vessel that supplies the kidneys with oxygenated blood from the heart.

Renal Pelvis

The central part of the kidney where urine collects before it flows into the ureter.