A company reports the following: Average Daily Sales$1,365Average accounts receivable (net) 30,030What is the number of days’ sales in receivables? Round to one decimal place.Group of answer choices60 days45 days30 days22 days

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Description: A company reports the following: Average Daily Sales$1,365Average accounts receivable (net) 30,030What is the number of days’ sales in receivables? Round to one decimal place.Group of answer choices60 days45 days30 days22 days

Number of days' in receivables Days Sales Outstanding (DSO) represents the average number of days it…

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Business

Accounting

What is the number of days’ sales in receivables? Round to one decimal place. Group of answer choices 60 days 45 days 30 days 22 days

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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