Determining the average receivables balance


Dyl Pickle Inc. had credit sales of $3,600,000 last year and its days sales outstanding was DSO = 35 days. What was its average receivables balance, based on a 365-day year.

a) 07,342

b) 62,466

c) 00,329

d) 03,890

e) 45,205

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Finance Basics: Determining the average receivables balance
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