O 5 days 74 days During 2020, XYZ Inc. sold merchandise for $320,000. The merchandise cost $280,000. It had $60,000 of beginning accounts receivables and $70,000 of ending accounts receivables. What was the company's Days' Sales Outstanding (rounded)? 85 days

O 5 days 74 days During 2020, XYZ Inc. sold merchandise for $320,000. The merchandise cost $280,000. It had $60,000 of beginning accounts receivables and $70,000 of ending accounts receivables. What was the company's Days' Sales Outstanding (rounded)? 85 days

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 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....

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O 5 days
O 74 days
O 85 days
88 days
During 2020, XYZ Inc. sold merchandise for $320,000. The merchandise cost $280,000. It had
$60,000 of beginning accounts receivables and $70,000 of ending accounts receivables. What was
the company's Days' Sales Outstanding (rounded)?

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