About this document
Financial Management Strategy Worksheet by Eyuael Solomon is a document available to read on EtoBox.
Based on the information provided: - Accounts receivable in 2009 was $315 million - Net sales in 2009 was $2850 million - To calculate DSO: Accounts Receivable/ (Net Sales/365) - Accounts Receivable in 2009 was $315 million - Net Sales in 2009 was $2850 million - So, (315/(2850/365)) = 37.20 The DSO for the company in 2009 was 37.20 days. The industry average provided is 46 days. So the company
- Author
- Eyuael Solomon
- Language
- EN