a company had net sales of $21,000 and accounts receivable of $2,520 for the current period. its days' sales uncollected equals:

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22-11-2022
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a company had net sales of $21,000 and accounts receivable of $2,520 for the current period. its days' sales uncollected equals:

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ashishdwivedilVT ashishdwivedilVT · Answer 1 · 2022-11-26T09:48:49+01:00

For the company's creditors and investors, the days' sales remain uncollected ratio is crucial since it helps determine when the company will receive payment for its sales. Hence 43.8 is sales uncollected

What is days' sales uncollected ?

It is computed by multiplying the number of days in a year by the average accounts receivable divided by net sales.

Days' Sales Uncollected is a liquidity ratio that is used to predict how long it will take to collect receivables. Creditors and lenders use this information to assess a company's short-term liquidity.

[tex]days' sales uncollected = Account Receivables / Net Sales * 365\\ = $ 2,520 / $ 21,000 *365\\ = 43.8\\[/tex]

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