Unformatted text preview: average number of days that a company takes to collect revenue after a sale has been made. A low DSO number means that it takes a company fewer days to collect its accounts receivable. A high DSO number shows that a company is selling its product to customers on credit and taking longer to collect money. In the case of Disney, (1) the company collected its entire accounts receivable (billings) approximately every 24.10 days for the fiscal year ended 2010 and (2) the company collected its entire accounts receivable (billings) approximately every 14.42 days for the fiscal year ended 2009....
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This note was uploaded on 03/01/2012 for the course ACCOUTNING 550 taught by Professor Abner during the Spring '11 term at DeVry Houston.
- Spring '11