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The income statement of Pratt Inc. reports net sales of $3,749.9 million for the current year. The balance sheet reports accounts receivable, net of $486.6 million at December 31 of the current year and $520.2 million at December 31 of the previous year. The days sales outstanding in the current year are: Select one: O O a. 49 days b. 47 days c. 7 days d. None of these are correct. e. 8 days

The income statement of Pratt Inc. reports net sales of $3,749.9 million for the current year. The balance sheet reports accounts receivable, net of $486.6 million at December 31 of the current year and $520.2 million at December 31 of the previous year. The days sales outstanding in the current year are: Select one: O O a. 49 days b. 47 days c. 7 days d. None of these are correct. e. 8 days

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 18BEA
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The income statement of Pratt Inc. reports net sales of $3,749.9 million for the current year. The balance sheet reports accounts receivable, net of $486.6 million at December 31 of the current year and $520.2 million at December 31 of the previous year. The days sales outstanding in the current year are: Select one: a. 49 days b. 47 days c. 7 days d. None of these are correct. e. 8 days
Transcribed Image Text:The income statement of Pratt Inc. reports net sales of $3,749.9 million for the current year. The balance sheet reports accounts receivable, net of $486.6 million at December 31 of the current year and $520.2 million at December 31 of the previous year. The days sales outstanding in the current year are: Select one: a. 49 days b. 47 days c. 7 days d. None of these are correct. e. 8 days
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