Pacific Industries has a DSO of 32 days. The company's average daily sales are $22,500. Assume there are 365 days in a year. What is the level of its accounts receivable? a. $540,000 b. $720,000 c. $247,500 d. $820,125
Pacific Industries has a DSO of 32 days. The company's average daily sales are $22,500. Assume there are 365 days in a year. What is the level of its accounts receivable? a. $540,000 b. $720,000 c. $247,500 d. $820,125
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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Transcribed Image Text:Pacific Industries has a DSO of 32 days. The company's average daily sales
are $22,500. Assume there are 365 days in a year. What is the level of its
accounts receivable?
a. $540,000
b. $720,000
c. $247,500
d. $820,125
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