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Your firm had net sales of $80,000 this past year and receivables of $20,000; and the cost of goods sold of $522,000. Required: What were the day's sales outstanding?

Your firm had net sales of $80,000 this past year and receivables of $20,000; and the cost of goods sold of $522,000. Required: What were the day's sales outstanding?

Corporate Fin Focused Approach
Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter16: Supply Chains And Working Capital Management
Section: Chapter Questions
Problem 11P
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Your firm had net sales of $80,000 this past year and receivables of $20,000; and the cost of goods sold of $522,000. Required: What were the day's sales outstanding?
Transcribed Image Text:Your firm had net sales of $80,000 this past year and receivables of $20,000; and the cost of goods sold of $522,000. Required: What were the day's sales outstanding?
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