The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. 
-What is the firm's days sales outstanding? Assume a 360-day year for this calculation.
Definitions:
Servicing Materials
Items and supplies used in the maintenance and repair of machinery, equipment, or products to ensure their continued operation or use.
Budgeting
The process of creating a plan to spend your money, forecasting income and expenditures over a set period.
Medical Supplies
Items used in medical care, ranging from consumables like syringes and bandages to more complex equipment such as defibrillators and patient monitoring systems.
Flexible Budget
A budget that adjusts or changes according to the level of activity or volume of production in an organization.
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