Martinis days sales outstanding was dso 48 days what was


Martini Inc. had total sales of $5,500,000 last year, and 90% of those sales were on credit with terms of net 30. Martini’s days sales outstanding was DSO = 48 days. What was its average receivables balance, based on a 365-day year?

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Financial Management: Martinis days sales outstanding was dso 48 days what was
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