Corona Company's Balance Sheet Accounts Follow

question 176

Multiple Choice

Corona Company's balance sheet accounts follow:
-What is Corona Company's days' sales uncollected ratio for 2014 assuming net sales and gross profit for the period were $1,236,783,and $927,587 respectively?

• A)25.20
• B)23.03
• C)20.99
• D)24.58
• E)22.17

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Definitions:

Permeable Rocks

Rocks that have connected spaces or pores, allowing fluids to pass through them, critical in the study of groundwater flow and hydrocarbon reservoirs.

Faults and Fractures

Breaks in the Earth's crust where blocks of the crust have moved relative to each other due to tectonic forces.

Ore

A rock, sediment, or other material that can be mined for a profit.

Mineral Deposit

Concentrated accumulations of minerals from which economically valuable materials can be extracted.