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Johnson Contracting has sales of $14 million per year of which 20% are cash sales. Credit sales call for payment within 30 days of invoice. Its...

Johnson Contracting has sales of $14 million per year of which 20% are cash sales. Credit sales call for payment within 30 days of invoice. Its accounts receivable are $1.5 million. What is Johnson’s DSO?

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Johnson Contracting has sales of $14 million per year of which 20% are cash sales. Credit sales
call for payment within 30 days of invoice. Its accounts receivable are $1.5 million. What is...

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