Mountain Gear Inc. has sales of $810,500, cost of goods sold of $660,400, and accounts receivable of $95,800. How long on average does it take the firm's customers to pay for their purchases? Assume a 365-day year.

Mountain Gear Inc. has sales of $810,500, cost of goods sold of $660,400, and accounts receivable of $95,800. How long on average does it take the firm's customers to pay for their purchases? Assume a 365-day year.

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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Hii teacher please provide for general accounting question answer do fast

Mountain Gear Inc. has sales of $810,500, cost of goods
sold of $660,400, and accounts receivable of $95,800.
How long on average does it take the firm's customers
to pay for their purchases? Assume a 365-day year.

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