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Excel Onine Structured Activity: Receivables investment McEwan industries selis on terms of 3/10, net 30. Total sales for the year are $1,935,000;40% of the customers

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Excel Onine Structured Activity: Receivables investment McEwan industries selis on terms of 3/10, net 30. Total sales for the year are $1,935,000;40% of the customers pay on the 10th day and take discounts, while the other 60 s pay, co average, 60 days after their purchases. Assume 365 days in year for your calculations. The data has been collected in the Microsoft Excel Online file below, Open the spreadsheet and perform the required analysis to answer the questions below. Open spreadsheet 2. What is the days sales outstanding? Found your answer to two decimal places: days b. What is the average amount of receivables? Round your answer to the nearest cent. Do not round intermediate calculations. S c. What is the percentage cost of trade credit to customers who take the discount? Round your answers to two decimal places. not round intemediate calculations. b. What is the average amount of receivables? Round your answer to the nearest cert. De not round intermediate calculationt. $ t. What is the percentage cost of trode crodit to customers who toke the dscount? Round your answers to two decimal places. d. What is the percentage cost of trade credit to customers who do not take the discount and pay in 60 days? Round your answers to two decimal ploces. Do not round intermediote calculations Nominal coat. Elfective cost: 6. What would happen to McEwan's accounts receivable if it toughened up on its collection policy with the resuit that all nondiscount customers paid on the 30 h day? Round your answers to two decimal places. Do not round intermediate calculations

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