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A manufacturing firm sells on terms 2/10 net 30. Its annual sales amount to $3,650,000. 30% of its customers pay on the tenth day and

A manufacturing firm sells on terms 2/10 net 30. Its annual sales amount to $3,650,000. 30% of its customers pay on the tenth day and take the discount; the other 70% take 40 days to make payments.

i. What is the firm's Days Sales Outstanding?

ii. Determine the firm's average amount of Accounts Receivable.

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