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A firms Days Sales Outstanding is 36.5 days. Its sales is $1,000,000. What is this firms Accounts Receivable balance (assume a 365 day year)? a.
A firms Days Sales Outstanding is 36.5 days. Its sales is $1,000,000. What is this firms Accounts Receivable balance (assume a 365 day year)?
a. | $100,000 | |
b. | $2,739 | |
c. | $27,397 | |
d. | must know the current assets amount first |
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