Medwig Corporation has a DSO of 41 days. The company averages $2,000 in sales each day (all customers take credit).

Medwig Corporation has a DSO of 41 days. The company averages $2,000 in sales each day (all customers take credit). What is the company's average accounts receivable? Round your answer to the nearest dollar.

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Expert Solution

Average Accounts receivable = Average sales per day X Day sales Outstanding

= 2000*41

= $82,000

jeff jeffy answered 2 years ago

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