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5
Barga Co.'s net sales for Year 1 and Year 2 are $661,000 and $743,000, respectively. Its year-end balances of accounts receivable
follow: Year 1, $61,000, and Year 2, $95,000.
a. Complete the below table to calculate the days' sales uncollected at the end of each year.​

Respuesta :

abiolataiwo2015

Answer:

Year 1 32.68 days

Year 2 46.66 days

Explanation:

Barga Co.'s

Days' sales uncollected on December 31 for year 1 will be :

Using this formula

Accounts Receivable/Net Sales x365 = Days' sales uncollected

$61,000 /$661,000× 365

= 32.68 days

Days' sales uncollected on December 31 for

year 2 will be :

$95,000/$743,000× 365

= 46.6days

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