The following information was taken from Lazy O Corporationfinancial statements as of the end of Year 2. Cash $ 10,000Accounts Receivable 35,000 Inventory 40,000 Accounts Payable 45,000Unearned Revenue 25,000 Net sales 420,000 Cost of goods sold270,000 Lazy O’s days in receivable is approximately: Year 1 endingbalance = $25,000 Year 1 ending balance = $50,000 Year 1 endingbalance = $39,000
Lazy Os days in receivable are?
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