A financial analyst is reviewing their company's credit management policies and has been provided with the following information: Accounts receivable balance: $875,000 Average daily sales: $15,625 Cost of capital: 12% Calculate the company's Days Sales Outstanding (DSO).

A financial analyst is reviewing their company's credit management policies and has been provided with the following information: Accounts receivable balance: $875,000 Average daily sales: $15,625 Cost of capital: 12% Calculate the company's Days Sales Outstanding (DSO).

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process

Section: Chapter Questions

Problem 9RQSC: Assume that an organization asserts that it has $35 million in net accounts receivable. Describe...

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Question

Kindly help me with accounting questions

A financial analyst is reviewing their company's credit
management policies and has been provided with the following
information:
Accounts receivable balance: $875,000 Average daily sales:
$15,625 Cost of capital: 12%
Calculate the company's Days Sales Outstanding (DSO).

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