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McEwan Industries sells on terms of 3/10, net 35. Total sales for the year are $1,932,500; 40% of the customers pay on the 10th day
McEwan Industries sells on terms of 3/10, net 35. Total sales for the year are $1,932,500; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average, 52 days after their purchases. Assume 365 days in year for your calculations. Th the required analysis to answer the questions below. e data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform a. What is the days sales outstanding? Round your answer to two/decimal places. days b. What is the average amoupt ff recevables? Beund your answer fo the nearest cent. Do.tot round johermedate calculations. take the discount? your answers to two decimal c. What is the percentage cost of trade credit to cursto aces. Back
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