Answered: Bright wave Ltd. has a Days Sales…

Bright wave Ltd. has a Days Sales Outstanding (DSO) of 20 days. The company's average daily sales are $40,000. Assume there are 365 days in a year. What is the level of its accounts receivable?

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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Question

What is the level of its accounts receivable on these general accounting question?

Bright wave Ltd. has a Days Sales Outstanding
(DSO) of 20 days. The company's average daily
sales are $40,000. Assume there are 365 days in a
year. What is the level of its accounts receivable?

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