FIN 3400 wells and excavation currently generates
Question # 00344284
Posted By:
Updated on: 07/23/2016 06:04 AM Due on: 07/23/2016

wells and excavation currently generates $72,000 in annual credit sales. awe sells on terms of net 50, and its accounts receivable balance averages $12,000. awe is considering a new credit policy with terms of net 25. under the new policy sales will decrease to 68,000, and accounts receivable will average $13,600. compute the days sales outstanding (DSO) under the existing policy and the proposed policy.

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Rating:
5/
Solution: FIN 3400 wells and excavation currently generates