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CTP · Question #630
CTP Question #630: Real Exam Question with Answer & Explanation
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Question
- (Topic 7) A company has average monthly sales of $2,700, of which 5 percent is on a cash basis, with the remaining sold on open account. The company's accounts receivable aging schedule at the end of March is as follows: What is the company's DSO?
Options
- A38.06
- B39.32
- C40.06
- D41.39
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