Question: Back to Assignment Attempts Keep the Highest / 1 5. Practice Problem 15-3 Axis Wells and Excavation (AWE) currently generates $210,000 in annual credit sales.

Back to Assignment Attempts Keep the Highest / 1 5. Practice Problem 15-3 Axis Wells and Excavation (AWE) currently generates $210,000 in annual credit sales. AWE sells on terms of net 50 , and its accounts receivable balance averages \$14,000. AWE is considering a new credit policy with terms of net 25. Under the new policy, sales will decrease to $180,000, and accounts receivable will average $15,000. Compute the doys sales outstanding (DSO) under the existing policy and the proposed policy. Assume there are 360 days in a year. Round your answers to the nearest whole number: DSO Existung: days DSOnew: days

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