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Dyl pickle inc. had credit sales of $3,500,000 last year and its days sales outstanding was dso = 35 days. what was its average receivables balance, based on a 365-day year?

Respuesta :

Hagrid
The Formula we're going to use is:
DSO=(Sales/365)

Application:
1. 35($3,500,000/365) = $335,616
ANSWER: $335,616

or if you are having a hard time.
2. $3,500,000/365 = 9,589.04
then,
9,589.04 x 35 = $335,616

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