15. A company has annual credit sales of P730 million. If its DSO is 35, what...

 

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15. A company has annual credit sales of P730 million. If its DSO is 35, what are its average accounts receivables balance? (Assume that the number of days in a year is 360 days). * (2 Points) 70.05 million 20.85 million 50.0 million 60.0 million 16. Operating cycle is the process where all firms follow a "working capital cycle" in which they purchase or produce inventory, hold it for a time, and then sell it and receive cash. * (1 Point) True False 15. A company has annual credit sales of P730 million. If its DSO is 35, what are its average accounts receivables balance? (Assume that the number of days in a year is 360 days). * (2 Points) 70.05 million 20.85 million 50.0 million 60.0 million 16. Operating cycle is the process where all firms follow a "working capital cycle" in which they purchase or produce inventory, hold it for a time, and then sell it and receive cash. * (1 Point) True False

Answer rating: 100% (QA)

Answer A iDSO 365 Average accounts receivable Sales 35 365 Average accounts receivable 730 m i... View the full answer