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Piedmont Industries sells on terms of 2/10 net 30. Total sales for the year are $2.5 million. Thirty percent of customers pay on the 10th
Piedmont Industries sells on terms of 2/10 net 30. Total sales for the year are $2.5 million. Thirty percent of customers pay on the 10th day and take discounts; the other 70% pay, on average, 60 days after their purchases.
What is the days sales outstanding?
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