Solution-Calculate its days sales uncollected at the end

Calculate its days sales uncollected at the end

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Reference no: EM13900703

1.Bargains Co. reported annual net sales for 2012 and 2013 of $ 665,000 and $ 747,000, respectively. Its year end balances of accounts receivable follow: December 31, 2012, $ 61,000; and December 31, 2013, $ 93,000.

(a) Calculate its days sales uncollected at the end of each year. Round the number of days to one decimal.

(b) Evaluate and comment on any changes in the amount of liquid assets tied up in receivables.

Reference no: EM13900703

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Calculate its days sales uncollected at the end : 1.Bargains Co. reported annual net sales for 2012 and 2013 of $ 665,000 and $ 747,000, respectively. Its year end balances of accounts receivable follow: December 31, 2012, $ 61,000; and December 31, 2013, $ 93,000.

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Calculate its days sales uncollected at the end

Reference no: EM13900703

Reference no: EM13900703

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