Sellograph corporation reports sales of $10m for year 2, with a gross
Sellograph Corporation reports sales of $10M for Year 2, with a gross profit margin of 40%. 20% of Sellograph’s sales are on credit. 25. Accounts receivable days outstanding at the end of Year 2 is (use year-end receivable balance): A) 30.6 days B) 28.8 days C) 27.0 days D) 6.1 days 26. Accounts payable days outstanding at the end of Year 2 is (use average accounts payable for the year): A) […]