MCQOPTIONS
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| 1. |
The number of days' sales uncollected is calculated by |
| A. | Dividing accounts receivable by net sales and multiplying by 365. |
| B. | Dividing net sales by accounts receivable and multiplying by 365. |
| C. | Dividing accounts receivable by net sales. |
| D. | Dividing net sales by accounts receivable. |
| Answer» B. Dividing net sales by accounts receivable and multiplying by 365. | |