Medwig Corporation has a DSO of 22 days. The company averages $2,500 in sales each day...
Medwig Corporation has a DSO of 22 days. The company averages $2,500 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
Please find below the answer.. Please provide rating...
| Average sales per day = | 2500 | ||
| DSO = | 22 | Days | |
| Average account receivable = | 55000 | ||
| =2500*22 | |||
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Medwig Corporation has a DSO of 22 days. The company averages
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