Toast Co., Inc., an electronics and appliance chain, reported these figures in millions of dollars: 2017 Net sales................. ..............$ 370,975 $ . Receivables at end of year............. 3,800 2016 390,975 4,010 *All sales are on account. Requirements 1. Compute Toast's days' sales in receivables or days' sales outstanding (DSO) during 2017 2. Is Toast's DSO long or short? Zion Networks takes 39 days to collect its average level of receivables. Dante Freight, the overnight shipper, takes 33 days. What causes Toast's collection period to be so different? Requirement 1. Compute Toast's days' sales in receivables or days' sales outstanding (DSO) during 2017 Select the formula and perform the calculation for Toast's days' sales outstanding. (Round interim calculations to two decimal places, XX.XX. Round the days' sales outstanding up to the next whole day.) = Days' sales outstanding Requirement 2. Is Toast's DSO long or short? Zion Networks takes 39 days to collect its average level of receivables. Dante Freight, the overnight shipper, takes 33 days. What causes Toast's collection period to be so different? Toast's collection period is Zion Networks' and Dante's collection period. This is due to the fact that chain stores, like Toast Co., typically and therefore receivables are Toast Co., Inc., an electronics and appliance chain, reported these figures in millions of dollars: 2017 Net sales................. ..............$ 370,975 $ . Receivables at end of year............. 3,800 2016 390,975 4,010 *All sales are on account. Requirements 1. Compute Toast's days' sales in receivables or days' sales outstanding (DSO) during 2017 2. Is Toast's DSO long or short? Zion Networks takes 39 days to collect its average level of receivables. Dante Freight, the overnight shipper, takes 33 days. What causes Toast's collection period to be so different? Requirement 1. Compute Toast's days' sales in receivables or days' sales outstanding (DSO) during 2017 Select the formula and perform the calculation for Toast's days' sales outstanding. (Round interim calculations to two decimal places, XX.XX. Round the days' sales outstanding up to the next whole day.) = Days' sales outstanding Requirement 2. Is Toast's DSO long or short? Zion Networks takes 39 days to collect its average level of receivables. Dante Freight, the overnight shipper, takes 33 days. What causes Toast's collection period to be so different? Toast's collection period is Zion Networks' and Dante's collection period. This is due to the fact that chain stores, like Toast Co., typically and therefore receivables are