The following information is taken from Reagan Company's December 31 balance sheet.
If net sales for the current year were $610,500, the firm's days' sales uncollected for the year is: Note: Use 365 days a year.
a) 427 days
b) 61. 2 days
c) 36. 7 days
d) 154. 7 days
e) 71. 2 days