Baker Brothers has a DSO of 40 days, and its annual sales are $7,300,000. What is its accounts receivalble bal
Baker Brothers has a DSO of 40 days, and its annual sales are $7,300,000. What is its accounts receivalble balance? Assume it uses a 365-day year.6 years ago - 4 answers
In an ideal world,with everyone paying on time, approx.
Are you serious?!by tlc - 6 years ago
How do you know the DSO and annual sales? If you got that because the company is public it should also have a balance sheet that shows their AR balance.by Bob - 6 years ago
Sales of $7,300,000 over 365 days gives $20,000 a day, so 40 days in AR would be 40 x $20,000 = $800,000.by Sandy - 6 years ago