Wellington Inc. has a Days Sales Outstanding (DSO) of 32 days. The company's average daily sales are $15,500. What is the level of its accounts receivable? Assume there are 365 days in a year. a. $372,000 b. $496,000 c. $558,000 d. $620,000

Wellington Inc. has a Days Sales Outstanding (DSO) of 32 days. The company's average daily sales are $15,500. What is the level of its accounts receivable? Assume there are 365 days in a year. a. $372,000 b. $496,000 c. $558,000 d. $620,000

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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General accounting

Wellington Inc. has a Days Sales Outstanding (DSO) of 32 days. The
company's average daily sales are $15,500. What is the level of its accounts
receivable? Assume there are 365 days in a year.
a. $372,000
b. $496,000
c. $558,000
d. $620,000

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