A company had net sales of $30,200 and ending accounts receivable of $4,000 for the current period. Its days' sales uncollected equals: (Use 365 days a year.)a) 7.55 days. b) 59.54 days. c) 63.64 days. d) 48.34 days. e) 40.34 days.

d) 48.34 days

Explanation:

Calculation to determine what Its days' sales uncollected equals

Using this formula

Days' sales uncollected=Ending accounts receivable÷Net sales *365 days

Let plug in the formula

Days' sales uncollected=$4,000÷$30,200*365 days

Days' sales uncollected=48.34 days

Therefore Its days' sales uncollected equals:48.34 days

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