question archive The following information is taken from Reagan Company’s December 31 balance sheet: Cash and cash equivalents$ 8,919 Accounts receivable 72,922 Merchandise inventories 62,862 Prepaid expenses 4,600 Accounts payable$ 15,450 Notes payable 89,138 Other current liabilities 10,000 If net credit sales for the current year were $609,000, the firm’s days’ sales uncollected for the year is: (Use 365 days a year
The following information is taken from Reagan Company’s December 31 balance sheet: Cash and cash equivalents$ 8,919 Accounts receivable 72,922 Merchandise inventories 62,862 Prepaid expenses 4,600 Accounts payable$ 15,450 Notes payable 89,138 Other current liabilities 10,000 If net credit sales for the current year were $609,000, the firm’s days’ sales uncollected for the year is: (Use 365 days a year
Subject:FinancePrice: Bought3
The following information is taken from Reagan Company’s December 31 balance sheet: Cash and cash equivalents$ 8,919 Accounts receivable 72,922 Merchandise inventories 62,862 Prepaid expenses 4,600 Accounts payable$ 15,450 Notes payable 89,138 Other current liabilities 10,000 If net credit sales for the current year were $609,000, the firm’s days’ sales uncollected for the year is: (Use 365 days a year.)Answer Choices:43.7 days73.0 days37.7 days155.7 days62.9 days.
