3.1 - ( http://www.greenbill.com/2009/03/dso_calculation/ )...

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3.1 Greene Sisters has a DSO of 20 days. The company’s average daily sales are $20,000. What is the level of its accounts receivable? Assume there are 365 days in a year. DSO = Accounts Receivables/Invoiced Sales in Period x Days in period
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Unformatted text preview: ( http://www.greenbill.com/2009/03/dso_calculation/ ) DSO = 20 Average daily sales = 20,000 20 = AR/20000 20 x 20000 = AR AR = 400,000...
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