Wiley 2010, Module 41, Question 49:
Which of the following describes the appropriate formula for days' sales outstanding?
a) Average receivables / Sales per day
b) Receivables balance / Sales per day
The answer per the book is B, but the module (page 170) would seem to indicate A. Internet research leads me to conclude that either answer is acceptable. Is this just an error on Wiley's part, or am I missing something here?
> AUD - 84
> FAR - 75
> BEC - 76
> REG - 78
> FAR - 75
> BEC - 76
> REG - 78
