Kenny Rogers Roasters recently reported $92,560 in Cash, $878,000 in Accounts Receivable, $1,716,000 in Inventory, $5,034,000...
Kenny Rogers Roasters recently reported $92,560 in Cash, $878,000 in Accounts Receivable, $1,716,000 in Inventory, $5,034,000 in Sales, $745,060 in net fixed assets, $3,431,620 in Total Assets, and $941,800 in Current Liabilities. What is the Day-Sales-Outstanding (DSO) for Kenny Rogers Roasters? (round to the nearest day)
Homework Answers
Answer :
Day sales outstanding = ( Accounts receivable ÷ Sales ) × 365 days
= ($8,78,000 ÷ $5,034,000) × 365 days
= 0.1744 × 365 days
= 63.656 days
= 63.66 days (rounded off)
Add Answer to:
Kenny Rogers Roasters recently reported $92,560 in Cash,
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THANKS
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