Saved Barga Co. reported net sales for 2016 and 2017 of $730,000 and $1,095,000,

Question

Saved Barga Co. reported net sales for 2016 and 2017 of $730,000 and $1,095,000, respectively Its year-end balances of accounts receivable follow: December 31, 2016, $65,000; and December 31, 2017, $123,000. a. Complete the below table to calculate the days' sales uncollected at the end of each year. (Round your "Days' Sales Uncollected" answer to 1 decimal place.) Days Sales Uncollected Choose Numerator:Choose Denominator: xDaysDays Sales Unco ok Days' sales uncollected 2016: 2017: days days nt rim

Explanation / Answer

SOLUTION:

Account receivable / Net sales X 365 = Day's sales uncollected 2016 65,000 / 730,000 X 365 = 32.50 2017 123,000 / 1,095,000 X 365 = 41.00

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