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3 years ago

Use the following information.

Business

1 answer:

mr Goodwill [35]3 years ago

8 0

Answer:

35.85 days

Explanation:

I suppose the question reads "What is the days' sales in receivables for 2010?"

To find the days' sales in receivables for 2010, use the following:

Days Sales in Receivales for 2010 = (Accounts Receivable in 2010 / Annual Sales) * 365

Where accounts receivable in 2010 from the information given is 940.

Annual sales = $9,570

Therefore,

Days Sales in Receivales for 2010 = $(\frac{940}{9570}) * 365$

= 35.85 days

The days' sales in receivables for 2010 is 35.85 days

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Answer:

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