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Snider Industries sells on terms of 2 / 1 0 , net 3 5 . Total sales for the year are $ 1 , 1
Snider Industries sells on terms of net Total sales for the year are $ Thirty percent of customers pay on the th day and take discounts; the other pay, on average, days after their purchases. Assume a day year.
What is the days sales outstanding? Do not round intermediate calculations. Round your answer to the nearest whole number.
days
What is the average amount of receivables? Do not round intermediate calculations. Round your answer to the nearest dollar.
$
What would the new days sales outstanding and average receivables be if Snider toughened its collection policy with the result that all nondiscount customers paid on the th day? Do not round intermediate calculations. Round your answer for the new days sales outstanding to one decimal place and for the average receivables to the nearest dollar.
DSO:
days
Average receivables: $
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