Your firm had net sales of $80,000 this past year and receivables of $20,000; and a cost of goods sold of $522,000. What were the days sales outstanding?

Name: Your firm had net sales of $80,000 this past year and receivables of $20,000; and a cost of goods sold of $522,000. What were the days sales outstanding?
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Question

Quizplus · Accepted Answer

Days Sales Outstanding (DSO) is calculated as (Receivables / Net Sales) * 365. Here, (20,000 / 80,000) * 365 = 91.25, approximately 91 days.

Your Firm Had Net Sales of $80,000 This Past Year