Potaw Company reported the following data at the end of 2019: Sales revenue (80% on credit) Expenses (258 on credit) Accounts receivable, net at December 31, 2019 (a decrease of $12,500 during 2019). Total assets Stockholders' equity The average number of days to collect receivables during 2019 is closest to: (Do not round your intermediate calculations. Use 365 days a year.) Multiple Choice The average number of days to collect receivables during 2019 is closest to: (Do not round your intermediate calculations. Use 365 days a year.) O O 17.67. 22.08. $470,000 77,000 12.81. 16,500 370,000 170,000 30.90.

Potaw Company reported the following data at the end of 2019: Sales revenue (80% on credit) Expenses (258 on credit) Accounts receivable, net at December 31, 2019 (a decrease of $12,500 during 2019). Total assets Stockholders' equity The average number of days to collect receivables during 2019 is closest to: (Do not round your intermediate calculations. Use 365 days a year.) Multiple Choice The average number of days to collect receivables during 2019 is closest to: (Do not round your intermediate calculations. Use 365 days a year.) O O 17.67. 22.08. $470,000 77,000 12.81. 16,500 370,000 170,000 30.90.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter5: Sales And Receivables

Section: Chapter Questions

Problem 76E: Ratio Analysis The following information was taken from Nash Inc.s trial balances as of December 31,...

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