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ParticularsQuarterlyYearly
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Opening Receivable $ 1,128,000 $ 1,500,000
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Closing Receivable $ 1,022,000 $ 1,320,000
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Average Receivable** $ 1,075,000 $ 1,410,000
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Net Credit Sales $ 1,280,000 $ 10,000,000
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Number of Days90365
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Days Sales Outstanding 76 51
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Formula for Days Sales Outstanding:
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Days Sales Outstanding = (Average Receivable/Net Credit Sales)x Number of days)
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**Average Receivable = (Opening Receivable + Closing receivable) / 2
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