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Calculate for the managing director the number of days

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Reference no: EM132934751

Question - The following information was extracted from the financial records of Goss Ltd for the year ended 30 June 2019:

Cash Sales $30,000

Credit Sales 180,000

Accounts receivable at start of year 20,000

Accounts receivable at end of year 30,000

Cost of Sales 130,000

If there are 365 trading days per year, calculate for the managing director the number of days that accounts receivable are outstanding at 30 June 2019.

A) 61 days.

B) 51 days.

C) 114 days.

D) 43 days.

Reference no: EM132934751

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