Rouster and Sideways Corp. currently has $695,000 in accounts receivable and generated $4,870,000 in sales (all on credi
Posted: Thu Apr 28, 2022 1:47 pm
Rouster and Sideways Corp. currently has $695,000 in accounts
receivable and generated $4,870,000 in sales (all on credit) during
the year that just ended. The firm’s days sales outstanding (DSO)
is _________ days. Use 365 days as the length of a year
in all calculations.
Rouster and Sideways Corp.’s CFO is unhappy with its DSO and
wants to improve collections next year. Sales are expected to grow
by 14% next year, and the CFO wants to lower the DSO to the
industry average of 30 days. How much accounts receivable is the
firm expected to carry?
$501,943
$456,312
$593,206
$410,681
receivable and generated $4,870,000 in sales (all on credit) during
the year that just ended. The firm’s days sales outstanding (DSO)
is _________ days. Use 365 days as the length of a year
in all calculations.
Rouster and Sideways Corp.’s CFO is unhappy with its DSO and
wants to improve collections next year. Sales are expected to grow
by 14% next year, and the CFO wants to lower the DSO to the
industry average of 30 days. How much accounts receivable is the
firm expected to carry?
$501,943
$456,312
$593,206
$410,681