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Susie's Sweets Candy Shop had a balance in the Accounts Receivable account of $780,000 at the beginning of the year and a balance of $820,000
Susie's Sweets Candy Shop had a balance in the Accounts Receivable account of $780,000 at the beginning of the year and a balance of $820,000 at the end of the year. Net credit sales during the year amounted to $5,840,000. The average collection period of the receivables in terms of days was?
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To calculate the average collection period also known as Days Sales Outstanding or DSO you can use t...
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Interpreting and Analyzing Financial Statements
Authors: Karen P. Schoenebeck, Mark P. Holtzman
6th edition
132746247, 978-0132746243
