Baxley Brothers has a DSO of 23 days, and its annual salesare $3,650,000. What is its accounts receivable balance? Assume that it uses a 365-day year.

Intermediate Financial Management (MindTap Course List)
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Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 1P: Greene Sisters has a DSO of 20 days. The companys average daily sales are 20,000. What is the level...
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Baxley Brothers has a DSO of 23 days, and its annual sales
are $3,650,000. What is its accounts receivable balance? Assume that it uses a 365-day year.

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