Thus Answer? ? General Accounting Horizon Manufacturing has sales of $3,240 per year (allcredit) and days sales outstanding of 65 days. What is theamount of accounts receivable outstanding? (Assume a360-day year)

Step 1: Define Accounts Receivable OutstandingAccounts Receivable Outstanding represents the amount…

Answered: Horizon Manufacturing has sales 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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Horizon Manufacturing has sales of $3,240 per year (all credit) and days sales outstanding of 65 days. What is the amount of accounts receivable outstanding? (Assume a 360-day year)