Dyl Pickle Inc. had credit sales of $15,700,000 last year and its days sales outstanding was DSO = 55 days. What was its average receivables balance, based on a 365-day year? $2,365,753 $1,041,909 $285,455 $2,804,795 $1,294,521
Dyl Pickle Inc. had credit sales of $15,700,000 last year and its days sales outstanding was DSO = 55 days. What was its average receivables balance, based on a 365-day year? $2,365,753 $1,041,909 $285,455 $2,804,795 $1,294,521
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 14MC: Ancient Grains Unlimited has an accounts receivable turnover ratio of 3.34 times. The net credit...
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Dyl Pickle Inc. had credit sales of $15,700,000 last year and its days sales outstanding was DSO = 55 days. What was its average receivables balance, based on a 365-day year?
$2,365,753 |
||
$1,041,909 |
||
$285,455 |
||
$2,804,795 |
||
$1,294,521 |
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