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What the number of days sales in accounts receivable

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Reference no: EM132695181

The following information was available for the year ended December 31, 2019:

Net sales $ 300,000

Cost of goods sold 210,000

Average accounts receivable for the year 15,000

Accounts receivable at year-end 18,000

Average inventory for the year 60,000

Inventory at year-end 70,000

Problem 1: The number of days' sales in accounts receivable for 2019, using year- end accounts receivable were:

Multiple choice:

Option 1: 21.9 days

Option 2: 26.1 days

Option 3: 31.1 days

Option 4: 18.3 days

Reference no: EM132695181

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