A Company Has Net Credit Sales of $94,000,beginning Net Accounts

question 33

Multiple Choice

A company has net credit sales of $94,000,beginning net accounts receivable of $22,000 and ending net accounts receivable of $18,000.Calculate the days' sales in receivables.(Round any intermediate calculations to two decimal places,and your final answer to the nearest whole day. )

• A)73 days
• B)48 days
• C)91 days
• D)78 days

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Definitions:

Poor Economy

A state of economic performance characterized by low growth rates, high unemployment, and generally declining business activity.