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Business, 25.12.2019 20:31 cia196785920

Faldo corp sells on terms that allow customers 45 days to pay for merchandise. its sales last year were $425,000, 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. assume all sales to be on credit. do not round your intermediate calculations.
a. 5.16
b. 8.10
c. 6.20
d. 6.53
e. 6.73

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Faldo corp sells on terms that allow customers 45 days to pay for merchandise. its sales last year w...
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