Business, 02.08.2021 22:50 javonteoshamccaliste
Sellograph Corporation reports sales of $10 million for Year 2, with a gross profit margin of 40%. 20% of Sellograph's sales are on credit. Year 1 Year 2 Accounts receivable $ 150,000 $ 170,000 Inventory 900,000 1,000,000 Accounts payable 1,100,000 1,200,000
Accounts receivable days outstanding at the end of Year 2 is closest to:
a. 30.6 days.
b. 26.0 days.
c. 27.0 days.
d. 6.1 days.
Answers: 3
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Answers: 1
Sellograph Corporation reports sales of $10 million for Year 2, with a gross profit margin of 40%. 2...
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