Question
Medwig Corporation has a DSO of 42 days. The company averages $4,500 in sales each day (all customers take credit). What is the company's average
Medwig Corporation has a DSO of 42 days. The company averages $4,500 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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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
4th Edition
1439078084, 978-1439078082
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