The Following Balance Sheet Information Was Provided by Western Company

question 49

Multiple Choice

The following balance sheet information was provided by Western Company: Assuming Year 2 net credit sales totaled $270,000, what were the company's average days to collect receivables? (Use 365 days in a year. Do not round intermediate calculations.)

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

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Definitions:

Autism

A developmental disorder affecting communication and behavior, typically appearing in the first two years of life and affecting social interaction and learning.

Attention-Deficit/Hyperactivity Disorder

A neurodevelopmental disorder characterized by patterns of inattention, hyperactivity, and impulsivity that are pervasive and impairing.

Emotional Connection

A bond formed between individuals based on shared feelings, empathy, or emotional experiences.

Dissociative Amnesia

A condition in which a person experiences memory loss that cannot be attributed to normal forgetfulness, often after trauma or stress.