Answered: Blue Sky Corp. has a DSO (Days Sales…

Blue Sky Corp. has a DSO (Days Sales Outstanding) of 25 days. The company's average daily sales are $25,000. What is the level of its accounts receivable? Assume there are 365 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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What is the level of its accounts receivable for this financial accounting question?

Blue Sky Corp. has a DSO (Days Sales Outstanding)
of 25 days. The company's average daily sales are
$25,000. What is the level of its accounts
receivable? Assume there are 365 days in a year.

Definition Definition Money that the business will be receiving from its clients who have utilized the credit provided to buy its goods and services. The credit period typically lasts for a short term, lasting from a few days, a few months, to a year.

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