Business, 19.08.2020 02:01 kromaug7986

The following information is taken from Reagan Company's December 31 balance sheet: Cash and cash equivalents $10,019
Accounts receivable 78,422
Merchandise inventories 68,362
Prepaid expenses 5700
Accounts payable $16,550
Notes payable 94,638
Other current liabilities 11,100
If net sales for the current year were $603,500, the firm's days' sales uncollected for the year is:. (Use 365 days a year.)
A. 159.4 days
B. 79.7 days
C. 41.3 days
D. 47.4 days
E. 69.5 days

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The following information is taken from Reagan Company's December 31 balance sheet: Cash and cash e...

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