Question
Medwig Corporation has a DSO of 36 days. The company averages $5,500 in sales each day (all customers take credit). What is the company's average
Medwig Corporation has a DSO of 36 days. The company averages $5,500 in sales each day (all customers take credit). What is the company's average accounts receivable? Assume a 365-day year. Round your answer to the nearest dollar.
$
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
14th Edition
1264101597, 9781264101597
