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Problem Walkthrough Receivables Investment Snider Industries sells on terms of 7/10, net 35. Total sales for the year 2010,000. They percent of customers pay on

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Problem Walkthrough Receivables Investment Snider Industries sells on terms of 7/10, net 35. Total sales for the year 2010,000. They percent of customers pay on the ton day and the come her role en over 10 do after their purchases. Assume a 365-day year a What is the days sales outstanding? Do not round intermediate calculations. Round your answer to the nearest whole number b. What is the average amount of recevables? Do not found intermediate calculations. Found your answer to the nearest dollar c What would happen to average receivables Snider toughened its collection policy with the result that is nondiscourt customers peld on the dayDo not found intermediate calitate Round your answer to the nearest dollar

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