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    Financial and Managerial Accounting Study Set 1
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    Exam 13: Analysis of Financial Statements
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    Powers Company Reported Net Sales of $1,200,000,average Accounts Receivable,net of $78,500,and
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Powers Company Reported Net Sales of $1,200,000,average Accounts Receivable,net of $78,500,and

Question 67

Question 67

Multiple Choice

Powers Company reported net sales of $1,200,000,average Accounts Receivable,net of $78,500,and net income of $51,025.The Day's sales uncollected (rounded to whole days) is:


A) 24 days.
B) 15 days.
C) 4 days.
D) 562 days.
E) 48 days

Correct Answer:

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