Question: Creative Co., Inc., the electronics and appliance chain, reported these figures in millions of dollars: Requirements 1. Compute Creatives days sales in receivables, or days

Creative Co., Inc., the electronics and appliance chain, reported these figures in millions of dollars:

Requirements
1. Compute Creative€™s days€™ sales in receivables, or days€™ sales outstanding (DSO) during 2013.
2. Is Creative€™s DSO long or short? Nerad Networks takes 39 days to collect its average level of receivables. Fast Freight, the overnight shipper, takes 33 days. What causes Creative€™s collection period to be sodifferent?

2013 2012 Net sales. Receivables at end of year...3,810 4,310 ..$570,000 $604,500

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