Medwig Corporation has a DSO of 45 days. The company averages $4,500 in sales each day...

Medwig Corporation has a DSO of 45 days. The company averages $4,500 in sales each day (all customers take credit). What is the company's average accounts receivable? Round your answer to the nearest dollar.

Expert Solution

DSO = Accounts Receivable / Credit Sales/Day

45 = Accounts Receivable / $4,500

Accounts Receivable = 45 * $4,500

Accounts Receivable = $202,500

jeff jeffy answered 2 years ago

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