Question
Receivables Investment Medwig Corporation has a DSO of 26 days. The company averages $9,250 in sales each day (all customers take credit). What is the
Receivables Investment
Medwig Corporation has a DSO of 26 days. The company averages $9,250 in sales each day (all customers take credit). What is the company's average accounts receivable? Round your answer to the nearest dollar.
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Intermediate Financial Management
Authors: Eugene BrighamPhillip Daves
1st Edition
0324594712, 9780324594713
