If a company has average accounts receivable of $60,000 and annualsales of $720,000, what is the DSO, assuming a 360-day year?

Explanation of Accounts Receivable:Accounts receivable refers to the money owed to a company by its…

Answered: If a company has average accounts…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 8CDQ

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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?