Oral Roberts Dental Supplies has annual sales of $5,520,000. Ninety percent are on credit. The firm has $703,800 in accounts receivable. Compute the value of the average collection period.
Oral Roberts Dental Supplies has annual sales of $5,520,000. Ninety percent are on credit. The firm has $703,800 in accounts receivable. Compute the value of the average collection period.
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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Average collection period
Oral Roberts Dental Supplies has annual sales of $5,520,000. Ninety percent are on credit. The firm has $703,800 in accounts receivable. Compute the value of the average collection period.
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