Dyl Pickle Inc. had credit sales of $4,000,000 last year and its days sales outstanding...

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Accounting

Dyl Pickle Inc. had credit sales of $4,000,000 last year and its days sales outstanding was DSO = 35 days. What was its average receivables balance, based on a 365-day year.

a. $441,096
b. $318,356
c. $383,562
d. $471,781
e. $368,219

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