The following information relates to ReDo Corporation: $28,184,000 $316,199,000 $64,115,000 What is ReDo's receivables collection period (DSO)? In your computations, assume there are 360 days in a year. O 42.50 days O 72.99 days O 32.09days Accounts receivable Total credit sales Accounts payable O 11.22days
The following information relates to ReDo Corporation: $28,184,000 $316,199,000 $64,115,000 What is ReDo's receivables collection period (DSO)? In your computations, assume there are 360 days in a year. O 42.50 days O 72.99 days O 32.09days Accounts receivable Total credit sales Accounts payable O 11.22days
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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
Transcribed Image Text:The following information relates to ReDo Corporation:
$28,184,000
$316,199,000
$64,115,000
What ReDo's receivables collection period (DSO)? In your computations, assume there are 360 days in a year.
42.50 days
O 72.99 days
32.09days
Accounts receivable
Total credit sales
Accounts payable
O 11.22days
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