Calculate woodleys days sales outstanding or dso note, Financial Management

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Calculate woodleys days sales outstanding or dso note

Woodley Furniture Company recorded $20 million of sales in its most most recently completed year. All sales were on credit that called for payment within 45 days. Woodley's account receivables over the same period of time averaged $5 million. Calculate Woodley's days sales outstanding or DSO. Note: Woodley uses a 365 day year.

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Financial Management: Calculate woodleys days sales outstanding or dso note

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