McEwan Industries sells on terms of $3/10,$ net $35.$ Total sales for the year are $$1,212,500$; $40\%$ of the customers pay on the $10$th day and take discounts, while the other $60\%$ pay, on average, $78$ days after their purchases. Assume $365$ days in year for your calculations.

What is the days sales outstanding? Round your answer to two decimal places.

days

What is the average amount of receivables? Round your answer to the nearest cent. Do not round intermediate calculations.

$

What is the percentage cost of trade credit to customers who take the discount? Round your answers to two decimal places.

$\%$

What is the percentage cost of trade credit to customers who do not take the discount and pay in $78$ days? Round your answers to two decimal places. Do not round intermediate calculations.

Nominal cost:

$\%$

Effective cost:

$\%$

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 $35$th day? Round your answers to two decimal places. Do not round intermediate calculations.

Days sales outstanding $($DSO$)=$

days

Average receivables $=$ $