Based on the Following Data for the Current Year,what Is

question 54

Multiple Choice

Based on the following data for the current year,what is the number of days' sales in accounts receivable?
$\begin{array}{lr}\text { Sales on account during year } & \$ 584,000 \\\text { Cost of merchandise sold during year } & 300,000 \\\text { Accounts receivable, beginning of year } & 45,000 \\\text { Accounts receivable, end of year } & 35,000 \\\text { Inventory, beginning of year } & 90,000 \\\text { Inventory, end of year } & 110,000\end{array}$

• A) 7.3
• B) 2.5
• C) 14.6
• D) 25

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Definitions:

19th Century

Refers to the period from January 1, 1801, to December 31, 1900, marking the nineteenth century in the Gregorian calendar.

American West

The American West refers to the region of the United States located west of the Mississippi River, characterized by its unique historical development, culture, and landscape.

Labor

The utilization of human physical and mental efforts towards the creation of services and products.

Land

The natural resource encompassing the earth's surface, not including water or buildings.