Financial Accounting

Learn the toughest concepts covered in your Financial Accounting class with step-by-step video tutorials and practice problems.

Financial Statement Analysis

Ratios: Average Collection Period (Days Sales Outstanding)

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Ratios: Average Collection Period (Days Sales Outstanding)

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Problem

ABC Company had $200,000 in Net Sales and Gross Profit of $80,000. If AR had a balance of $16,000, what are the days’ sales outstanding?