Thompson Brothers has a DSO of 25 days. The company's average daily sales are $18,000. Assume there are 365 days in a year. What is the level of its accounts receivable? a. $350,000 b. $450,000 c. $657,000 d. $164,250

Thompson Brothers has a DSO of 25 days. The company's average daily sales are $18,000. Assume there are 365 days in a year. What is the level of its accounts receivable? a. $350,000 b. $450,000 c. $657,000 d. $164,250

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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Need help with this question solution general accounting

Thompson Brothers has a DSO of 25 days. The company's average daily sales are $18,000.
Assume there are 365 days in a year. What is the level of its accounts receivable?
a. $350,000
b. $450,000
c. $657,000
d. $164,250

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