A company had receivables of $85,000 and annual sales of $985,000. How many days did it take the company to collect its average level of receivables? Assume a 365-day year. a. 45 days b. 32 days c. 28 days d. 31 days

What is the DSO?

Your company had net sales of $100,000 over the past year. One quarter of the sales were credit sales. During that time, average receivables were $5,000. The accounts receivable balance at the end of the year was $5,000. What was the average collection period? What is the average age of receivables (same answer!)? (Assume a 360-day year) O 18 days O 27 days O 36 days O 72 days O 60 days

A company has annual sales of $5,210,000 and its average daily accounts receivable is $377,000. What is the average days' sales in receivables? Assume 365 days per year.

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General accounting

A company had net sales

What are the day's sales in receivable?

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2) Medwig Corporation has a DSO of 18 days. The company averages $3,000 in sales each day (all customers take credit). What is the company's average accounts receivable? Assume a 365-day year. Round your answer to the nearest dollar. $