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Powers Company reported net sales of $1,200,000, average Accounts Receivable, net of $78,500, and net income of $51,025. The Day's sales uncollected (rounded to whole days) is:

Answer :

Ritmeks

Answer:

24 days

Explanation:

Power company has a net sales of $1,200,000

The average account receivable net is $78,500

The net income is $51,025

Therefore the day's sales uncollected can be calculated as follows

= net sales/net income

= 1,200,000/51,025

= 23.5

= 24 days (rounded to whole days)

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