Business, 13.12.2019 19:31, traceyschmidtk3562
Leyton lumber company has sales of $10 million per year, all on credit terms calling for payment within 30 days; and its accounts receivable are $2 million. assume 365 days in year for your calculations.
a. what is leyton's dso? round your answer to two decimal places.
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b. what would dso be if all customers paid on time? round your answer to two decimal places.
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c. how much capital would be released if leyton could take actions that led to on-time payments? round your answer to the nearest cent. write out your answer completely. for example, 13.2 million should be entered as 13,200,000.
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Answers: 2
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Leyton lumber company has sales of $10 million per year, all on credit terms calling for payment wit...
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