9. Days sales outstanding Sto Plains Holdings Co.'s CFO has decided to take a closer look at the company's credit policy. Sto Plains Holdings Co. has annual sales of $391.1 million, and it currently has an accounts receivable balance of $47.6 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 Sto Plains Holdings Co.'s DS0? (Use 365 days as the length of a year in all calculations.) O 37.7 days O 48.8 days O 44.4 days 35.5 days The average DSO for Sto Plains Holdings Co.'s industry is 53.9 days. Assuming that its sales stayed the same, what would be Sto Plains Holdings Co.'s receivables balance if it maintained the industry average DSO? O $49,091,093 O $57,754,227 O $51,978,804 O $46,203,382 Sto Plains Holdings Co,'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 Sto Plains Holdings Co. to lose 6% of its sales revenue. Determine what Sto Plains Holdings Co.'s expected accounts receivables balance would be if it decides to tighten its credit policy O $37,770,638 O $33,238,161 O $30,216,510 O $27,194,859