Krackle Korn Inc.had credit sales of $3, 500, 000 last year and its days sales outstanding was DSO = 35 days.What was its average receivables balance, based on a 365-day year?
A) $335, 616
B) $352, 397
C) $370, 017
D) $388, 518
E) $407, 944
Correct Answer:
Verified
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