The statement which describes what the Days' sales uncollected ratio assesses how to measure how quickly a company can convert its accounts receivables into cash.
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What is Sales uncollected ratio?</h3>
This helps measure the days the company will receive cash and is an important ratio for the company's investors and creditors.
This measures how fast a company will receive cash payment for its goods and services.
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I can't answer without the choices, please put the choices so I can help you.
Answer:
119.24
Explanation:
Step 1: We make the assumption that 369 is 100% since it is our output value.
Step 2: We next represent the value we seek with x.
Step 3: From step 1, it follows that 100%=36.
Step 4: In the same vein, x% = 440.
Step 5: This gives us a pair of simple equations:100%=369(1) 440(2) = x%
Step 6: By simply dividing equation 1 by equation 2 and taking note of the fact that both the LHS(left hand side) of both equations have the same unit (%); we have 100%/x% = 369/440
Step 7: Taking the inverse (or reciprocal) of both sides yields x%/100% = 440/369
Therefore, 440 is 119.24% of 369.
