9. Days sales outstanding Aa Aa Mammoth Pictures Inc.'s CFO has decided to take a closer look at the company's credit policy. Mammoth Pictures 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 Mammoth Pictures Inc.'s DS0? (Use 365 days as the length of a year in all calculations.) 34.6 days 47.5 days 43.2 days 45.4 days The average DSO for Mammoth Pictures Inc.'s industry is 51.2 days. Assuming that its sales stayed the same, what would be Mammoth Pictures Inc.'s receivables balance if it maintained the industry average DSO? O $57,604,216 O $54,861,158 O $43,888,926 O $60,347,274 Mammoth Pictures 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 Mammoth Pictures Inc. to lose 6% of its sales revenue. Determine what Mammoth Pictures Inc.'s expected accounts receivables balance would be if it decides to tighten its credit policy. O $31,727,336 O $28,705,685 O $36,259,812 O $30,216,510 Flash Player WIN 32,0,0,101