Mattel Had Net Sales of $4,235 Million and Accounts Receivable

question 60

Multiple Choice

Mattel had net sales of $4,235 million and accounts receivable of $775 million. To one decimal, Mattel's days' sales uncollected was

• A) 298
• B) 66.8
• C) 75.4
• D) 81.8
• E) 90.2

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Definitions:

Diamond Ring

A piece of jewelry featuring a diamond set into a ring, often used as a symbol of commitment or status.

Bilateral Contract

A mutual agreement between two parties where each promises to perform an act in exchange for the other's act.

Unilateral Contract

An agreement in which only one party makes a legally enforceable promise to pay or provide other benefits if the other party performs a specific task.

Mailbox Rule

A legal doctrine stating that an offer is considered accepted when the acceptance is dispatched, not when it is received by the offeror.