What was the average receivables balance
Question:
Dyl Pickle 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?
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He returned to his old schedule and found out that the number of patients was restored to the original expected levels.
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What was its average receivables balance, based on a 365-day year?
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Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workface is adjusted each quarter to match the number.
Average age of accounts payable is 40 days, and average age of inventory is 69 days. Assuming a 365-day year, what is the length of its cash conversion cycle?
How would you raise the $350 million needed to fund long-term growth of the company?
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