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McEwan Industries seils on terms of 3/10, net 40 . Total sales for the year are $523,000;40% of the customers pay on the 10 th

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McEwan Industries seils on terms of 3/10, net 40 . Total sales for the year are $523,000;40% of the customers pay on the 10 th day and take discounts, while the other 60% pay, on average, 54 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. e. What would happen to McEwan's accounts receivable if it toughened up on its collection policy with the result that all nondiscount customers paid on the 40th day? Round your answers to two decimal places. Do not round intermediate calculations. DSO=days Average recelvables =5

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