The following information is taken from Reagan Company's December 31 balance sheet: Cash and cash equivalents $ 9,119 Accounts receivable 73,922 Merchandise inventories 63,862 Prepaid expenses 4,800 Accounts payable $ 15,650 Notes payable 90,138 Other current liabilities 10,200 If net sales for the current year were $608,000, the firm's days' sales uncollected for the year is: (Use 365 days a year.)
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Home » Business » The following information is taken from Reagan Company's December 31 balance sheet: Cash and cash equivalents $ 9,119 Accounts receivable 73,922 Merchandise inventories 63,862 Prepaid expenses 4,800 Accounts payable $ 15,650 Notes payable 90,138