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

the firm's days' sales uncollected for the year= 47.4 days---d

Explanation:

The Days’ Sales Uncollected, a liquidity ratio that gives an idea of  average collection period which is an  estimation for the number of days the amount receivables is expected to be collected.

it depends on the 1) Account receivables and 2) Net sales .

the formulae is given below as

Days sales uncollectible = Account receivables / Net Sales x 365

=( $78,422/$603,500) x 365 =0.12994 x 365= 47.4 days

according to the song of roland, the characteristics of an ideal knight are: loyalty to the king, skilled warriors and horseman, valiant, bold, courageous, strong and proud in battle. they should be determined to fulfil their duties and willing to die to make their people safe.