Business, 31.12.2019 00:31 ashleyrturner08

Based on the following data for the current year, what is the number of days' sales in receivable?

net sales on account during year $578,168
cost of goods sold during year 204,009
accounts receivable, beginning of year 47,923
accounts receivable, end of year 50,159
inventory, beginning of year 87,293
inventory, end of year 113,593
round your answer up to the nearest whole day.

select the correct answer.

a)31 days

b)72 days

c)63 days

d)129 days

Answers: 3

Show answers

Answers

Answer from: naomi9601

Number of days sales in receivables

= Average receivables x 365 days

Sales

= $49,041 x 365 days

$578,168

= 31 days

Explanation:

Average number of days sales in receivables is the ratio of average receivables to sales multiplied by 365 days. Average receivable is the aggregate of beginning and closing receivables divided by 2.

Answer from: Quest

answer; ///(c) i believe its it ignores cash flows following the payback period;

Answer from: Quest

anyone below or above ambitious can tell you. so crowns mean brainliest. getting brainliest means your answer needs a good explanation and the person asking the question can understand your answer easily. so say there's a multiple choice question. you don't just want to say your answer is a, hope it . provide evidence and reasoning so that they know that that is the correct answer. a good explanation should have evidence, good reasoning, and your opinion on why you picked that. you don't want to look up their question on the internet and see if you can answer it. pick questions that you 100% know the answer to, so than that way you can provide a better explanation.

best of luck,

the divergent

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Based on the following data for the current year, what is the number of days' sales in receivable?...

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