Question
Days Sales Outstanding 48x Days Sales Inventory 38x Days Payable Outstanding 34x Working Capital(WC) Accounts Receiveable $11,234 Inventory $7,270 Accounts payable $6,613 $11,891 Change in
Days Sales Outstanding 48x Days Sales Inventory 38x Days Payable Outstanding 34x Working Capital(WC) Accounts Receiveable $11,234 Inventory $7,270 Accounts payable $6,613 $11,891 Change in WC (12,817-11891) $926
I am not sure how to calculate the change in receivables based on Days sale outstanding. The number that seems to be correct is 11234 but i can't connect that with any other number in the case study. Can you tell me how to calculated the change in Accounts receivable when you have the total AR (12,817) and DSO only?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
International Accounting
Authors: Timothy Doupnik, Hector Perera
3rd Edition
978-0078110955, 0078110955
