Determine average receivables balance

Reference no: EM1350925

Dyl Pickle Inc. had credit sales of $3,500,000 last year and its days sales outstanding was DSO = 35 days. What was its average receivables balance, based on a 365-day year?

a. $335,616
b. $352,397
c. $370,017
d. $388,518
e. $407,944

Reference no: EM1350925

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