Krackle Korn Inc

question 49

Multiple Choice

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

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