McEwan Industries sells on terms of $\frac{3}{10},$ net $30.$ Total sales for the year are $$1,761,000$;$40\%$ of the customers pay on the $10$ th day and take discounts, while the

other $60\%$ pay, on average, $68$ days after their purchases. Assume $365$ days in year for your calculations.

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

days

b$.$ What is the average amount of receivables? Do not round intermediate calculations. 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 places.

$\%$

d$.$ What is the percentage cost of trade credit to customers who do not take the discount and pay in $68$ days? If your answer is zero, enter zero. Do not round

intermediate calculations. Round your answers to two decimal places.

Nominal cost:

$\%$

Effective cost:

$\%$

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 $30$th 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 receivables: $