The Following Balance Sheet Information Was Provided by Western Company

question 41

Multiple Choice

The following balance sheet information was provided by Western Company: $\begin{array}{|l|r|r|}\hline \text { Assets } & 2014 & 2013 \\\hline \text { Cash } & \$ 4,000 & \$ 2,000 \\\hline \text { Accounts receivable } & 15,000 & 12,000 \\\hline \text { Inventory } & \$ 35,000 & \$ 38,000 \\\hline\end{array}$ Assuming 2014 net credit sales totaled $270,000, what was the company's average days to collect receivables? (Use 365 days in a year. Do not round your intermediate calculations.)

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

---

Definitions:

Ethical Guidelines

Standards of conduct that guide individuals' behavior within a profession, ensuring integrity, fairness, and respect towards others.

Family Matters

Family Matters is a term used to denote issues, activities, or situations that involve or affect the family unit.

Privacy

The right of individuals to keep their personal information out of public view and to control the dissemination of that information.

Family Arrangement

Refers to the structure or make-up of a family unit, including the relationships between members and their roles within the family.