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Company X had sales last year totaling $600,000, and its year-end Accounts Recelvable were $60,000. The firm sells on terms that call for customers to

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Company X had sales last year totaling $600,000, and its year-end Accounts Recelvable were $60,000. The firm sells on terms that call for customers to pay within 30 days after the purchase, but some customers delay payment beyond this deadline (meaning they pay late). On average, how many days LATE do customers pay? Base your answer on a 365 -day year when calculating the DSO. \$.50 750 3750 6.50 700

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