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Secure https//www.mathxl.com/Student/PlayerTest.aspx2testld 1846053918.centerwin eyes ACCT-130-45: Financial Accounting-Summer 2018 (2018U7B) Test:Week 4: Midterm test on Chapters 1-6 This Question: 1 pt zohal yuridullah&1 729/18 651PM Time Remaining: 02 22.31 Subnit Test 220126 (0 complete) ? This Test: 26 pts possiblesomin omin A company with net credit sales of $1,017,000, beginning net receivables of $90.000, and ending net receivables of $120.000, has days sales outstanding of Round interim calculations to two decimal places, 3X0x X and the days' sales outstanding (DSO) up to the next whole day) omin o O A. 44 days B. 48 days C. 41 days D. 38 days 90mina omin 50min your grade to select your answer

Explanation / Answer

Calculate days sales outstanding of :

Average account receivable = (90000+120000/2) = 105000

Days sales outstanding = 105000*365/1017000 = 38 Days

So answer is d) 38 Days

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