Question

Jennings Co., Inc., an electronics and appliance chain, reported these figures in millions of dollars:


Requirements
1. Compute Jennings’ days’ sales in receivables or days’ sales outstanding (DSO) during 2015.
2. Is Jennings’ DSO long or short? Norton Networks takes 39 days to collect its average level of receivables. Fast Freight, the overnight shipper, takes 33 days. What causes Jennings’ collection period to be sodifferent?


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  • CreatedJuly 25, 2014
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