A company has net credit sales of $91,000, beginning net accounts receivable of $24,000 and ending net accounts receivable of $16,000
Calculate the days' sales in receivables. (Round any intermediate calculations to two decimal places, and your final answer to the nearest whole day.)
A) 61 days
B) 50 days
C) 91 days
D) 80 days
D .Days' sales in receivables = 365 / 4.55= 80 days
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What will be an ideal response?
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Indicate whether the statement is true or false