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Woodley Furniture Company recorded $28 million of sales in its most recently completed year. All sales were on credit that called for payment within 45
Woodley Furniture Company recorded $28 million of sales in its most recently completed year. All sales were on credit that called for payment within 45 days. Woodley's account receivables over the same period of time averaged $6 million. Calculate Woodley's days sales outstanding or DSO. Note: Woodley uses a 365 day year.
Answer choices:
84.3 days.
78.2 days.
73.0 days.
65.9 days.
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