Though overworked, Karen has begun to settle into her place in the market. Over time some of her accounts receivable sat idly while she satisfied new customers. This has forced her to sell and service clients at a level she had never experienced before. Karen’s company is growing very quickly after she was highlighted in a local business magazine. The company provides services to create a welcoming and professional office. Daily Sales Outstanding Exampleįor example, Karen owns a interior design company called Designco. For more tips on how to optimize your accounts receivable, download your free A/R Checklist here. The formula can also be expressed through a days sales outstanding ratio. This can be accomplished through the accounting package or included as a key performance indicator (KPI) in the flash report. The calculation of Days Sales Outstanding (DSO) on a frequent basis is a powerful management technique. If competitors in your industry are collecting in fewer number days then the potential for improvement is often present. If the length of time is trending up then immediate action is often required.Ĭomparison to the industry average is an important benchmark for performance. Though the number of days is useful, it is often the trend of that number that is most important. As a management tool, it can be used to measure as well as motivate employee performance. The lowest sales were made during 12058.Financial Ratios Daily Sales Outstanding (DSO) Definitionĭaily Sales Outstanding (DSO) is a useful formula to measure the average age of accounts receivable. To get the overall stats, we will call various methods on DoubleSummaryStatistics method and summarize the values. DoubleSummaryStatistics is an object for collecting statistics such as count, min, max, sum, and average provided in java 8. In the main method we read the text file and break up each line by a comma creating a List of DoubleSummaryStatistics objects which represents the weekly stats. We tried to find the balance of each and know that you could reduce the number of lines of code. This exercise could get complicated fast for instance, you could create object to represent the weekly and daily sales or the code could get fairly ugly. The exercise has requirements to display statistics at the weekly level and at the file or total sales level. The following is the entire SalesData.txt file from the file. The week number that had the lowest amount of sales.The week number that had the highest amount of sales.The program should display the following: Write a program that opens the file and processes its comments. Each line in the file contains seven numbers, which are the sales numbers for one week. The file SalesData.txt contains the dollar amount of sales that a retail store made each day for a number of weeks.
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