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An evaluation of the books of the Mu Company gives the end-of-year accounts receivable balance. The firm had annual sales of $45,673,987 The firm extends
An evaluation of the books of the Mu Company gives the end-of-year accounts receivable balance. The firm had annual sales of $45,673,987 The firm extends 30 day credit terms. 30 days Days in the year 365 days Days Sales Outstanding (DSO) days DSO = Receivables / Average Daily Sales 39 The Annual Accounts Receivable for Mu is a. $4,880,234 O b. $3,754,026 Oc. $5,937,618 d. $4,567,890
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