Posted by Brandye O'Conner on Monday, November 15, 2010 at 1:44pm.
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Total Sales: $912,500
Percent of customers that take discounts: 40%
Percent of customers that do not take discounts: 60%
Number of days that cusomers who take discounts pay by: 10 Days
Number of days that customers who do not take discounts pay by: 40 Days
Number of days that customers who do not take discounts pay by after toughening creidt policy: 30 Days
Days in a Year 365 Days
First recalculate the Days Sales Outstanding:
Days Sales Outstanding = ?
Average Amount of Receivables = ?
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