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Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were exist325,000 and its year end receivables
Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were exist325,000 and its year end receivables were exist60,000. If its DSO is less than the 45-day credit period, then customers are paying on time. Otherwise, they are paying late. By how much are customers paying early or late? Base you answer on this equation. DSO-Credit Period = Days early or late, and use a 365-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. a. 17.46 b. 22.38 c. 17.01 d. 26.86 e. 18.13 Helmut Inc's latest net income was exist1, 410,000, and it had 225,000 shares outstanding. The company wants to pay out 45% of its income. What dividend per share should it declare? Do not round your intermediate calculations. a. exist2.37 b. exist2.45 c. exist2.82 d. exist3.13 e. exist2.96
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