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Analyzing Accounts Receivable Lupin Pharmaceuticals, an Indian transnational pharmaceutical company, develops and markets a wide portfolio of branded and generic products. The company reported

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Analyzing Accounts Receivable Lupin Pharmaceuticals, an Indian transnational pharmaceutical company, develops and markets a wide portfolio of branded and generic products. The company reported the following in its 2018 annual report. INR millions Trade receivables Less provision for doubtful receivables Trade receivables, net Total assets Revenue from operations 2018 2017 2016 $52,229.0 $43,391.8 $45,946.3 306.9 318.4 448.2 $51,922,1 $43,073.4 $45,498.1 $140,958 $146,544 $127,375 158,042 174,943 142,555 Required a. Calculate days sale outstanding (DSO) for 2018 and 2017. Note: Round amount (your final answer) to one decimal place (for example, enter 6.8 for 6.77555). DSO for 2018 DSO for 2017 109.7 92.4 days days b. Determine the total amount that customers owe Lupin each year. Note: Round dollar amount (your final answer) to one decimal place (for example, enter 6.8 for 6.77555). Amount owed in 2018 $ 51,922 x Amount owed in 2017 $ Amount owed in 2016 $ 43,073 x 45,498 x

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