Medwig Corporation has a DSO of 20 days. The company averages $3,750 in sales each day...

Medwig Corporation has a DSO of 20 days. The company averages $3,750 in sales each day (all customers take credit). What is the company's average accounts receivable? Assume a 365-day year. Round your answer to the nearest dollar.

$

Expert Solution

Average account receivables = DSO * company's average daily sales
=$20*3750

=$75000

jeff jeffy answered 2 years ago

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