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

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

All sales are not account
Requirements
1. Compute Stark's days' sales in receivables or days' sales outstanding (DSO) during 2017.
2. Is Stark's DSO long or short? Vif lex Networks takes 39 days to collect its average level of receivables. Donahue Freight, the overnight shipper, takes 33 days. What causes Stark's collection period to be so different?

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Financial Accounting

ISBN: 978-0134127620

11th edition

Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz

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