The following information is taken from Reagan Company's December 31 balance sheet: Cash and cash equivalents $ 8,919 Accounts receivable 72,922 Merchandise inventories 62,862 Prepaid expenses 4,600 Accounts payable $ 15,450 Notes payable 89,138 Other current liabilities 10,000 If net credit sales for the current year were $609,000, the firm's days' sales uncollected for the year is: (Use 365 days a year.)
+1
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The following information is taken from Reagan Company's December 31 balance sheet: Cash and cash equivalents $ 8,919 Accounts receivable ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Home » Business » The following information is taken from Reagan Company's December 31 balance sheet: Cash and cash equivalents $ 8,919 Accounts receivable 72,922 Merchandise inventories 62,862 Prepaid expenses 4,600 Accounts payable $ 15,450 Notes payable 89,138