Barga Co.'s net sales for Year 1 and Year 2 are $663,000 and $744,000, respectively. Its year-end balances of accounts receivable follow: Year 1, $64,000; and Year 2, $91,000. Complete the below table to calculate the days' sales uncollected at the end of each year.
Days' Sales Uncollected
Choose Denominator: / Choose Numerator: * Days = Days' Sales Uncollected
Year 1: days
Year 2: days

Respuesta :

Answer:

Year 1 = 35.23 days

Year 2 = 44.64 days

Explanation:

Days' Sales Uncollected = Accounts receivable / Net Sales * Days

Year 1 = $64,000 / $663,000 * 365 days = 35.23 days

Year 2= $91,000 / $744,000 * 365 days = 44.64 days