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Business, 10.12.2019 03:31 acaciacoats

At year-end, sample has cash of $ 15 ,000, current accounts receivable of $ 30 ,000, merchandise inventory of $ 40 ,200, and prepaid expenses totaling $ 5 ,200. liabilities of $ 60 ,000 must be paid next year. assume accounts receivable had a beginning balance of $ 60 ,000 and net credit sales for the current year totaled $ 900 ,000. how many days did it take sample to collect its average level of receivables? (assume 365 days/year. round any interim calculations to two decimal places. round the number of days to the nearest whole number.)
a. 37
b. 24
c. 18
d. 12

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At year-end, sample has cash of $ 15 ,000, current accounts receivable of $ 30 ,000, merchandise inv...
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