Axis wells and excavation awe currently generates 72000 in, Ask an Expert

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Axis Wells and Excavation (AWE) currently generates $72,000 in annual credit sales. AWE sells on terms of net 50, and its accounts receivable balance averages $12,000. AWE is considering a new credit policy with terms of net 25. Under the new policy, sales will decrease to $68,000, and accounts receivable will average $13,600. Compute the days sales outstanding (DSO) under the existing policy and the proposed policy

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92204103

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