Question
Bubba Inc. had credit sales of $4,500,000 last year and its days sales outstanding was DSO = 30 days. What was its average receivables balance,
Bubba Inc. had credit sales of $4,500,000 last year and its days sales outstanding was DSO = 30 days. What was its average receivables balance, based on a 365-day year?
| a. | $335,616 | |
| b. | $352,397 | |
| c. | $369,863 | |
| d. | $389,836 | |
| e. | $407,944 |
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College Mathematics For Business Economics, Life Sciences, And Social Sciences
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
14th Edition
0134674146, 978-0134674148
