Universal Exports Inc.'s CFO has decided to take a closer look at the company's credit policy. Universal Exports Inc. has annual sales of $379.3 million, and it currently has an accounts receivable balance of $46.3 million. The first step in analyzing the firm's credit policy is to determine its days sales outstanding (DSO). Based on this information, what is Universal Exports Inc.'s DSO? (Use 365 days as the length of a year in all calculations.) O 35.7 days O 44.6 days 40.1 days O 31.2 days The average DSO for Universal Exports Inc.'s industry is 51.7 days. Assuming that its sales stayed the same, what would be Universal Exports Inc.'s receivables balance if it maintained the industry average DSO? O $48,352,953 O $59,098,053 $61,784,328 O $53,725,503 Universal Exports Inc.'s CFO thinks that the company has not done a very good job of enforcing its credit policy. The CFO believes that if the company were to better enforce its credit policy, it would reduce its DSo to 30 days; however, this will cause Universal Exports Inc. to lose 3% of its sales revenue. Determine what Universal Exports Inc.'s expected accountsreceivables balance would be if it decides to tighten its credit policy. O $30,240,090 O $27,216,081 $28,728,086 O $25,704,077