City Electronics Co., Inc., an electronics and appliance chain, reported these figures in millions of dollars:

Requirements
1. Compute City Electronics’ days’ sales in receivables or days’ sales outstanding (DSO) during 2015.
2. Is City Electronics’ DSO long or short? Chang Networks takes 39 days to collect its aver-age level of receivables. QuickShip, the overnight shipper, takes 33 days. What causes City Electronics’ collection period to be sodifferent?

Transcribed Image Text:

2015 2014 . $750,500 S683,000 5,210 Reccivables at end of year. 4,870