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Wells and excavation currently generates 72000 in annual

Question - Wells and excavation currently generates $72,000 in annual credit sales. Awe sells on terms of net 50, and its accounts receivable balance averages $12,000. Awe is considering a new credit policy with terms of net 25. Under the new policy sales will decrease to 68,000, and accounts receivable will average $13,600. Compute the days sales outstanding (DSO) under the existing policy and the proposed policy.

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Accounting Basics: Wells and excavation currently generates 72000 in annual

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Accounting Basics: Wells and excavation currently generates 72000 in annual

Reference No:- TGS02898349

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