1 answer

Jame's Industries has a DSO of 25 days, and its annual sales are $4,015,000. What is...

Question:

Jame's Industries has a DSO of 25 days, and its annual sales are $4,015,000. What is its accounts receivable balance? Assume that it uses a 365-day year.


Answers

Dso = 365 Sales Account receivable 25 = 365 401500 o Accocent receivable, 25 = x Account receivable 40 15000 25x4015000 Accoc

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