Problem: A company has the following data: sales $500,000, cost of goods sold $200,000, operating expenses $100,000, average inventory $8,000, and accounts receivable $10,000. What is its number of days' sales uncollected?A.18.25 daysB.7.3 daysC.25 daysD.30 daysE.None of the above

🤓 Based on our data, we think this question is relevant for Professor Cromich's class at ODU.

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Problem Details

A company has the following data: sales $500,000, cost of goods sold $200,000, operating expenses $100,000, average inventory $8,000, and accounts receivable $10,000. What is its number of days' sales uncollected?

A.18.25 days

B.7.3 days

C.25 days

D.30 days

E.None of the above

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Our tutors have indicated that to solve this problem you will need to apply the Ratios: Average Collection Period (Days Sales Outstanding) concept. You can view video lessons to learn Ratios: Average Collection Period (Days Sales Outstanding). Or if you need more Ratios: Average Collection Period (Days Sales Outstanding) practice, you can also practice Ratios: Average Collection Period (Days Sales Outstanding) practice problems.

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What professor is this problem relevant for?

Based on our data, we think this problem is relevant for Professor Cromich's class at ODU.