The following data extracted from the financial statements of AAA company for the year 2018: Net Income $75,000, Net credit sales $295,000, Inventory $59,000 and Account receivable $26,000

Accounting Jan 23, 2021

The following data extracted from the financial statements of AAA company for the year 2018: Net Income $75,000, Net credit sales $295,000, Inventory $59,000 and Account receivable $26,000. In addition, the financial statements for the year 2017 showed that Current liabilities $47,000, Inventory $55,000, Account receivable $24,000 and Marketable securities $32,000. The Days in Receivables for the year 2018 is:

a. 58.12

b. 29.67

c. 32.16

d. 30.93

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