A Co has sales of $5 million and a gross profit of $2 million and a cost of sales of $3 million. The curent Days Sales outstanding DSO 35 days. If the DSO drops to 30 days, what is the new accounts receivable balance?
a$410,959b$479,452c445,672d None of the answers is correct
A Co has sales of $5 million, gross profit of $2 million and $3 million cost of sales. The curent Days Sales outstanding DSO 35 days. If the DSO drops to 30 days, by how much did the A Co. reduce its accounts receivable balance?
A.None of the answers is correct
B.410,959
c.68,493d.13,699
If B. Co had a DSO of 30 days, an Inventoy Tunover of 5 and a DPO of 20 days and it sales were $5 million and its cost of sales were $3 million and its gross profit was $2 million what is B Co.’s net working capital assuming that it consisted entirely of accounts receivable, inventoy and accounts payable
these are a couple of the questions
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