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Point 1: BBT corporation reports accounts receivable and beginning of the year of $89,500 and an allowance for uncollectible accounts of $7200. At the end of the year, accounts receivable one 97,600 and the allowance for uncollectible accounts reflected a balance of 8400. Credit sales for the year were $973,900. Credit terms are 2/10, n/30. which statement is correct?
Option A. The days sales in Accounts Receivable is $32, which is in line with credit terms.
Option B. The day sales in Accounts Receivable is 11, which is excellent.
Option C. The day sales in Accounts Receivable is 35, which is slightly high.
Option D. Can measure days sales in Accounts Receivable without knowing that amount of cash collected from customers during the year.
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