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The Following Information Is Taken from Reagan Company's December 31

Question 155

Multiple Choice

The following information is taken from Reagan Company's December 31 balance sheet: The following information is taken from Reagan Company's December 31 balance sheet: If net credit sales for the current year were $612,000,the firm's days' sales uncollected for the year is: (Use 365 days a year.) A) 60 days B) 85 days C) 42 days D) 154 days E) 70 days If net credit sales for the current year were $612,000,the firm's days' sales uncollected for the year is: (Use 365 days a year.)


A) 60 days
B) 85 days
C) 42 days
D) 154 days
E) 70 days

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