Calculate the days sales uncollected at the end of each year, Financial Accounting

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Calculate the days sales uncollected at the end of each year

Problem

A company reported net sales for Year 1 of $250,000 and $545,000 for Year 2. The year-end balances of accounts receivable were $40,000 for Year 1 and $98,100 for Year 2. Calculate the days' sales uncollected at the end of each year for this company and describe any changes in the apparent liquidity of the company's receivables.

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Financial Accounting: Calculate the days sales uncollected at the end of each year

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Financial Accounting: Calculate the days sales uncollected at the end of each year

Reference No:- TGS03281617

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