What was the average receivables balance
Question:
Dyl Pickle Inc. had credit sales of $3,500,000 last year and its days sales outstanding was DSO = 35 days. What was its average receivables balance, based on a 365-day year?
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What was its average receivables balance, based on a 365-day year?
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Average age of accounts payable is 40 days, and average age of inventory is 69 days. Assuming a 365-day year, what is the length of its cash conversion cycle?
How would you raise the $350 million needed to fund long-term growth of the company?
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