Answered: A company has an average accounts…

A company has an average accounts receivable of $45,000 and annual sales of $300,000. What is the DSO (assume 360 days in a year)?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 1P: Greene Sisters has a DSO of 20 days. The companys average daily sales are 20,000. What is the level...

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A company has an average accounts receivable of $45,000 and
annual sales of $300,000. What is the DSO (assume 360 days
in a year)?

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