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Calculate the receivables collection period (days sales outstanding) for Dots Inc. if its accounts receivables were $550 at the end of the year in which
Calculate the receivables collection period (days sales outstanding) for Dots Inc. if its accounts receivables were $550 at the end of the year in which the firm generated $3,000 of sales. Assume a 365 day year. Round your intermediate calculations to two decimal places and you final answer to zero decimal places.
A) 60 days | ||
B) 61 days | ||
C) 67 days | ||
D) 73 days |
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