Sqb corporation reports sales of 10m for year 2 with a, Ask an Expert

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SQB Corporation reports sales of $10M for Year 2, with a gross profit margin of 40%. 20% of SQB's sales are on credit.

Year 1 Year 2
Accounts receivable $ 150,000 $ 170,000
Inventory 900,000 1,000,000
Accounts payable 1,100,000 1,200,000

what is the Accounts receivable days outstanding at the end of Year 2 ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M974673

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