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If a company has average accounts receivable of $60,000 and annual sales of $720,000, what is the DSO, assuming a 360- day year? A) 20 days B) 25 days C) 30 days D) 35 days

If a company has average accounts receivable of $60,000 and annual sales of $720,000, what is the DSO, assuming a 360- day year? A) 20 days B) 25 days C) 30 days D) 35 days

Intermediate Financial Management (MindTap Course List)
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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If a company has average accounts receivable:60000

If a company has average accounts receivable of $60,000 and annual sales of $720,000, what is the DSO, assuming a 360- day year? A) 20 days B) 25 days C) 30 days D) 35 days
Transcribed Image Text:If a company has average accounts receivable of $60,000 and annual sales of $720,000, what is the DSO, assuming a 360- day year? A) 20 days B) 25 days C) 30 days D) 35 days
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