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Check My Work Faldo Corp sells on terms that allow customers 4 5 days to pay for merchandise. Its sales last year were $ 3
Check My Work
Faldo Corp sells on terms that allow customers days to pay for merchandise. Its sales last year were $ and its yearend receivables were $ If its DSO is less than the day credit period, then customers are paying on time. Otherwise, they are paying late. By how much are customers paying early or late? Base your answer on this equation: DSO Credit Period Days early or late, and use a day year when calculating the DSO. A positive answer indicates late payments, while a negative answer indicates early payments. Assume all sales to be on credit. Do not round your intermediate calculations.
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