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Leyton Lumber Company has sales of $12 million per year, all on credit terms calling for payment within 30 days; and its accounts receivable are

Leyton Lumber Company has sales of $12 million per year, all on credit terms calling for payment within 30 days; and its accounts receivable are $1.5 million. What is Leyton's DSO, what would it be if all customers paid on time, and how much capital woul dbe released if Leyton could take action that led to on time payments?

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