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Blackwell Corp. sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were $758 000, and its year-end accounts
Blackwell Corp. sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were $758 000, and its year-end accounts receivables were $96 000. If its DSO (days sales outstanding) is less than the 45-day credit period, then customers are paying on time. By how much are customers paying early or late? Explain your rationale
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