?? If a company has average accountsreceivable of $90,000 and annualsales of $840,000, what is the DSO,assuming a 360-day year?

DSO = (Average accounts receivable / Annual sales) x Number of days in the yearDSO = (90,000 /…

Answered: If a company has average accounts…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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If a company has average accounts receivable of $90,000 and annual sales of $840,000, what is the DSO, assuming a 360-day year?