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

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

Requirements
1. Compute Jennings€™ days€™ sales in receivables or days€™ sales outstanding (DSO) during 2015.
2. Is Jennings€™ DSO long or short? Norton Networks takes 39 days to collect its average level of receivables. Fast Freight, the overnight shipper, takes 33 days. What causes Jennings€™ collection period to be sodifferent?

2015 2014 Net sales.. Reccivables at end of ycar.. $750,000 $689,000 6,810 5,310

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