Baker Brothers have a DSO of 40 days, and its annual sale are $7,300,000. What is its accounts receivalble bal
Baker Brothers have a DSO of 40 days, and its annual sale are $7,300,000. What is its accounts receivalble symmetry? Assume it uses a 365-day year.
Answers:
In an great world,next to everyone paying prompt, approx.
$803,000.
Are you serious?!
How do you know the DSO and annual sale? If you get that because the company is public it should also enjoy a stability sheet that shows their AR stability.
Sales of $7,300,000 over 365 days give $20,000 a sunshine, so 40 days within AR would be 40 x $20,000 = $800,000.
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Answers:
In an great world,next to everyone paying prompt, approx.
$803,000.
Are you serious?!
How do you know the DSO and annual sale? If you get that because the company is public it should also enjoy a stability sheet that shows their AR stability.
Sales of $7,300,000 over 365 days give $20,000 a sunshine, so 40 days within AR would be 40 x $20,000 = $800,000.