When ordering inventory, elizabeth always remembers her first month on the job. that month, she ordered inventory based on the previous month’s sales, but then the city started a construction project in the street right in front of her store. because it wasn’t easy for people driving by to pull into the parking lot, sales were much lower than expected, and many of the perishable items had to be thrown out. ever since, elizabeth has ordered less inventory than the store could sell.

Faldo corp sells on terms that allow customers 45 days to pay for merchandise. its sales last year were $325,000, and its year-end receivables were $60,000. if its dso is less than the 45-day credit period, then customers are paying on time. otherwise, they are paying late. by how much are customers paying early or late? base your answer on this equation: dso - credit period = days early or late, and use a 365-day year when calculating the dso. a positive answer indicates late payments, while a negative answer indicates early payments. a. 21.27b. 22.38c. 23.50d. 24.68e. 25.91b