Wentworth Industries's CFO has decided to take a closer look at the company's credit policy. Wentworth Industries has annual sales of $402.8 million, and it currently has an accounts receivable balance of $45.4 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 Wentworth Industries's DSO? (Use 365 days as the length of a year in all calculations.) 39.0 days 45.2 days 41.1 days 43.2 days The average DSO for Wentworth Industries's industry is 53.4 days. Assuming that its sales stayed the same, what would be Wentworth Industries's receivables balance if it maintained the industry average DSO? $55,983,700 $58,930,211 $47,144,169 $50,090,679 Wentworth Industries'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 Wentworth Industries to lose 5% of its sales revenue. Determine what Wentworth Industries's expected accounts receivables balance would be if it decides to tighten its credit policy. $31,451,520 $36,169,248 $29,878,944 $26,733,792