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AFP CTP Question # 29 Topic 3 Discussion

CTP Exam Topic 3 Question 29 Discussion:
Question #: 29
Topic #: 3

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:

CTP Question 29

What is the company's DSO?


A.

38.06


B.

39.32


C.

40.06


D.

41.39


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