Question
Sales: 2018 accounts receivable = $35M, 2019 cash collections = $190M; December 2019 DSO = 54 days; December 2019 Revenue = $25M; Days in December
Sales: 2018 accounts receivable = $35M, 2019 cash collections = $190M; December 2019 DSO = 54 days; December 2019 Revenue = $25M; Days in December = 30
What is the ending AR?
Beginning AR Sales Collections Ending AR Days sales outstanding DSO December 2019 revenue Days in December S S 35.0 19.4 (190.0) 54 25.00 30
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
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