Compute the firm days sales uncollected for the year

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Question - The following information is taken from Reagan Company's December 31 balance sheet:

Cash and cash equivalents $10,319

Accounts receivable 79,922

Merchandise inventories 69,862

Prepaid expenses 6,000

Accounts payable $16,850

Notes payable 96,138

Other current liabilities 11,400

If net sales for the current year were $602.000, compute the firm days sales uncollected for the year?

Reference no: EM133130395

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