Medwig Corporation has a DSO of 42 days. The company averages $4,500 in sales each day (all

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Medwig Corporation has a DSO of 42 days. The company averages $4,500 in sales each day (all customers take credit). What is the company's average accounts receivable? Assume a 365-day year. Round your answer to the nearest dollar.

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Corporate Finance A Focused Approach

ISBN: 978-1439078082

4th Edition

Authors: Michael C. Ehrhardt , Eugene F. Brigham

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Posted Date: Feb 26, 2021 11:32 AM

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Medwig Corporation has a DSO of 42 days. The company averages $4,500 in sales each day (all

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Corporate Finance A Focused Approach

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