QuestionAugust 7, 2025

Directions: Select the Case Link above and use the information provided in Dealer's Choice to answer this question: What are the accounts receivable days for 20%3? 11.6 days. 29.4 days. 42.2 days.

Directions: Select the Case Link above and use the information provided in Dealer's Choice to answer this question: What are the accounts receivable days for 20%3? 11.6 days. 29.4 days. 42.2 days.
Directions: Select the Case Link above and use the information provided in Dealer's Choice to answer this question: What are the accounts receivable days for 20%3? 11.6 days. 29.4 days. 42.2 days.

Solution
4.0(338 votes)

Answer

29.4 days. Explanation 1. Identify Required Information Obtain total sales and average accounts receivable for 20Y3 from the case link. 2. Calculate Accounts Receivable Turnover Use the formula: **Accounts Receivable Turnover = \frac{Total Sales}{Average Accounts Receivable}**. 3. Calculate Accounts Receivable Days Use the formula: **Accounts Receivable Days = \frac{365}{Accounts Receivable Turnover}**.

Explanation

1. Identify Required Information<br /> Obtain total sales and average accounts receivable for 20Y3 from the case link.<br />2. Calculate Accounts Receivable Turnover<br /> Use the formula: **Accounts Receivable Turnover = \frac{Total Sales}{Average Accounts Receivable}**.<br />3. Calculate Accounts Receivable Days<br /> Use the formula: **Accounts Receivable Days = \frac{365}{Accounts Receivable Turnover}**.
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