Question
The income statement of Pratt Inc. reports net sales of $3,749.9 million for the current year. The balance sheet reports accounts receivable, net of $413.6
The income statement of Pratt Inc. reports net sales of $3,749.9 million for the current year. The balance sheet reports accounts receivable, net of $413.6 million at December 31 of the current year and $442.2 million at December 31 of the previous year.
The days sales outstanding in the current year are:
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Solution To calculate the days sales outstanding DSO we need to determine the average a...
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
78025915, 978-1259115400, 1259115402, 978-0078025914
