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    Fundamental Accounting Principles Study Set 6
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    Exam 17: Analysis of Financial Statements
  5. Question
    Powers Company Reported Net Sales of $1,200,000 and Accounts Receivable,net
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Powers Company Reported Net Sales of $1,200,000 and Accounts Receivable,net

Question 17

Question 17

Multiple Choice

Powers Company reported Net sales of $1,200,000 and Accounts Receivable,net of $78,500.The Day's sales uncollected (rounded to whole days) is:


A) 24 days.
B) 15 days.
C) 4 days.
D) 56 days.
E) 48 days.

Correct Answer:

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