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16-2 RECEIVABLES INVESTMENT Leyton Lumber Company has sales of $12 million per year, all on credit terms calling for payment within 30 days, and its

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16-2 RECEIVABLES INVESTMENT Leyton Lumber Company has sales of $12 million per year, all on credit terms calling for payment within 30 days, and its accounts receivable are $1.5 million. What is Leyton's DSO, what would it be if all customers paid on time, and how much capital would be released if Leyton could take action that led to on-time payments? Answer: 45.62 days ; 30 days ; $513,698.63

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