9. Days sales outstanding Aa Aa Flowers By Irene Inc.'s CFO has decided to take a closer look at the company's credit policy. Flowers By Irene Inc. has annual sales of $391.1 million, and it currently has an accounts receivable balance of $46.3 million. The first step in analyzing the firm's credit policy is to determine its days sales outstanding (DSO). Based on this information, what is Flowers By Irene Inc.'s DSO? (Use 365 days as the length of a year in all calculations.) O 32.4 days O 43.2 days O 45.4 days O 38.9 days The average DSO for Flowers By Irene Inc.'s industry is 53.9 days. Assuming that its sales stayed the same, what would be Flowers By Irene Inc.'s receivables balance if it maintained the industry average DSO? O $49,091,093 O $57,754,227 O $66,417,361 O $46,203,382 Flowers By Irene Inc.'s CFO thinks that the company has not done a very good job of enforcing its credit policy. The CFO believes that if the company were to better enforce its credit policy, it would reduce its DSO to 30 dayS however, this will cause Flowers By Irene Inc. to lose 7% of its sales revenue. Determine what Flowers By Irene Inc.'s expected accounts receivables balance would be if it decides to tighten its credit policy O $29,895,060 O $26,905,554 O $35,874,072 O $34,379,319