Medwig Corporation has a DSO of 17 days. The company averages $3,500 in credit sales each day.

Question:

Medwig has a DSO of 17 days. The company averages $3,500 in credit sales each day. What is the company’s average accounts receivable?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...