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

01 / 10 / 2021 Research Papers

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Sellograph Corporation reports sales of $10M for Year 2, with a gross profit margin of 40%. 20% of.. 1 answer below » Sellograph Corporation reports sales of $10M for Year 2, with a gross profit margin of 40%. 20% of Sellograph’s sales are on credit. (assume 360 day year) Year 1 Year 2 Accounts receivable $ 150,000 $ 200,000 Inventory 900,000 1,000,000 Accounts payable 1,100,000 1,200,000 Accounts receivable days outstanding at the end of Year 2 is closest to: 30.6 36 25.5 10 Sep 21 2015 04:09 PM



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