Medwig Corporation has a DSO of 33 days. The company averages $4,250 in sales each day...
Medwig Corporation has a DSO of 33 days. The company averages $4,250 in sales each day (all customers take credit). What is the company's average accounts receivable? Round your answer to the nearest dollar.
Homework Answers
Accounts Receivable/Sales*365=DSO
=>AR/4250*365=33
=>AR=33*4250/365
=>AR=384.2465753
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Medwig Corporation has a DSO of 33 days. The company averages
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