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:
Subsidiary Ledgers
Detailed records that support summaries contained in the general ledger, often used for accounts receivable and payable.
Job Order
A request or instruction to perform a specific task, often used in manufacturing or service industries to track costs and work.
Equivalent Units
Equivalent units are a concept in cost accounting used to allocate costs to partially completed goods, treating them as if they were a certain number of fully completed units.
Job Order
A custom or production order that specifies the details for manufacturing a certain product or products for a customer.
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