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IcEwan Industries sells on terms of 3/10, net 30. Total sales for the year are 51,664,500;4000 of the customers pay on the 10 dh day

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IcEwan Industries sells on terms of 3/10, net 30. Total sales for the year are 51,664,500;4000 of the customers pay on the 10 dh day and take discounts. hile the other 60% pay, on average, 50 doys after their purchases. Assume 365 days in year for your calculations. a. What is the davs sales outstanding? Round your answer to two decimal places. days b. What is the average amount of recelvables? Do not round Intermed ate caiculations. Round your answer to the nearest cent. c. What is the percentage cost of trade credit to customers who take the discount? If your answer is zero, enter zero. Round your answer to two decimal olaces. d. What is the percentage coat of trade credit to customers who do not take the discount and pay in 50 daya? If your answer is zero, enter zero. Do not round intermedlate calculations. Round your answers to two decimal piaces. Nominal cost: Effective cost: e. What would happen to McEwan's accounts recelvable if it toughened up on its collection policy with the result that all nondiscount customers paid on the 3oth day? Do not round intermediate calculations. Round your answer for DSO to two decimal places and for average receivables to the nearest cent, Days sales outstanding (DSO): days Average recelvables: s

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