Asked by
Pradeep kumar
on Oct 15, 2024
Verified
Compute the company's days' sales uncollected for Year 2.(Use 365 days a year.)
A) 43.9.
B) 42.3.
C) 46.2.
D) 80.0.
E) 113.3.
Days' Sales Uncollected
A measure of how quickly a company converts its accounts receivable into cash, indicating the average number of days sales remain uncollected.
Financial Information
Data concerning the financial status or operations of an entity, including statements and transactions.
- Expertise in evaluating turnover ratios, with focus on accounts receivable turnover, inventory turnover, and days' sales in inventory.
Verified Answer
JP
Learning Objectives
- Expertise in evaluating turnover ratios, with focus on accounts receivable turnover, inventory turnover, and days' sales in inventory.
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