Ch 15: End-of-Chapter Problems - Working Capital Management X

Ch 15: End-of-chapter Problems - Working Capital Management o within 30 days, and its receivable are $2.2 million Assume 365 days in year for your x < Back to Assignment Attempt s : 2. Problem 15.02 Kep the Highest: Click here to read the eBook: The Cash Conversion Cycle RECEIVABLES INVESTMENT Leyton Lumber Company has sales Of $11 millitN1 per year, all terms calling for payment calculations. What iS n's D SO? Round your answer to twa decimal places. days What DSO be if all Customers paid on time? Round to two decimal places. days c. HOW much capital would be released if Leyton could take actions that led to on-tirne payrnents? Round your answer to the nearest Cent. Write out your answer completely. For Exarnple, 13.2 million should be entered as Grade it Now Save & Continue Continue Without saving MindTap - Ceng