Reference no: EM132670699
The following selected accounts are taken from the ledger of XYX Merchandising on June 30, 2017: Sales, P 550,000; Sales Discount, 5%; Gross profit, P209,000; operating expenses, P150,000; merchandise inventory, Jan 1, 2017 , P75,000; merchandise inventory, June 30, 2017, P50,000; Accounts Receivable Jan1, P 70,000; Accounts Receivable, June 30, P50,000.
Problem 1: The day's sales in receivable is
Select one:
a. 41.33 days
b. 34.45 days
c. 48.26 days
d. 39.26 days
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