At the end of the current period, a company reported $725,000 in net credit sales and $100,000 in ending accounts receivable. Calculate this company's days' sales uncollected at the end of the current period.
What will be an ideal response?
Days' Sales Uncollected Ratio = Ending Accounts Receivable/Net Credit Sales * 365
Days' Sales Uncollected Ratio = $100,000/$725,000 * 365 = 50.3 days
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