The minimum financial strength a customer must have to be granted credit is indicated by the company's Consider the case of Wok. Bar. Co: Wok Bar Co, has a very attractive credit policy, and none of its customers pays in cash when the firm makes a sale. Wok Bar Co, selis to its customers on credit terms of 2/10, net 30. If a customer bought $100,000 worth of goods and paid the firm cash elght days after the sale. how much cash would wok Bar Co. get from the customer? 530,000 382,500 $87,500 $98,000 If the customer paid off the account after 15 days, Wok. Bar Co. would recelve Approximately 40% of Wok Bar Co.'s customers take advantage of the discount and pay on the 10 th day. The remaining 60% take an average of 35 days to pay off their accounts. What is Wok Bar Co.'s days sales outstanding (DSO), or the average collection period? 27.50 days 21.25 days 28.75 days 25.00 days