Compute the DO for Tokyo Corporation which has the following aging schedule (No decimal point, use whole number): Account Age0-30 days31-60 daysOver 60 daysBlank 1 daysAmount Outstanding Average DaysP55,000 2430,000 425,000 66

The average number of days the company takes to collect money from their consumers after a sale is…

Answered: Account Age 0-30 days 31-60 days Over…

Account Age 0-30 days 31-60 days Over 60 days Blank 1 days Amount Outstanding Average Days P55,000 24 30,000 42 5,000 66

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Compute the DO for Tokyo Corporation which has the following aging schedule (No decimal point, use whole number):

Account Age
0-30 days
31-60 days
Over 60 days
Blank 1 days
Amount Outstanding Average Days
P55,000 24
30,000 42
5,000 66

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