General accounting ABC has Days Sales Outstanding (DSO) of 10.1 days.Annual sales are expected to be 5,545,000. Usinga 365 day year, compute the level of the firm's accountsreceivable.

Step 1: Define Days Sales OutstandingDays Sales Outstanding (DSO) measures the number of days it…

Answered: ABC has Days Sales Outstanding (DSO) of…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 3P

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ABC has Days Sales Outstanding (DSO) of 10.1 days. Annual sales are expected to be 5,545,000. Using a 365 day year, compute the level of the firm's accounts receivable.