Answered: Valley Tools has a Days Sales…

Valley Tools has a Days Sales Outstanding of 28 days. The company reports average daily sales of $22,500. What is the level of its accounts receivable?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 2P: Medwig Corporation has a DSO of 17 days. The company averages 3,500 in sales each day (all customers...

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Valley Tools has a Days Sales Outstanding of 28
days. The company reports average daily sales of
$22,500.
What is the level of its accounts receivable?

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