Your Firm Had Net Sales of $80,000 This Past Year

question 18

Multiple Choice

Your firm had net sales of $80,000 this past year and receivables of $20,000; and a cost of goods sold of $522,000. What were the days sales outstanding?

• A) 91 days
• B) 48 days
• C) 36 days
• D) 5 days
• E) 4 days

---

Definitions:

Intravenous Injection

The administration of liquid substances directly into a vein through a syringe, allowing for rapid absorption into the bloodstream.

Xenophobic

Having an intense or irrational dislike or fear of people from other countries.

Tobacco Use

The act of consuming tobacco products, such as cigarettes, cigars, or chewing tobacco, which poses significant health risks.

Water-Soluble

Capable of dissolving in water, a property of many vitamins and minerals that affects how they are absorbed and used in the body.