The manana corporation had sales solve this accounting questions The Manana Corporation had sales of $65 million thisyear. Its accounts receivable balance averaged $2million. How long, on average, does it take the firm tocollect on its sales?

Step 1: Define Days Sales OutstandingDays Sales Outstanding or DSO is a component of Cash Conversion…

Answered: The Manana Corporation had sales of $65…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 3P

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The Manana Corporation had sales of $65 million this year. Its accounts receivable balance averaged $2 million. How long, on average, does it take the firm to collect on its sales?