Click here to read the Book The Cash Conversion Cycle RECEIVABLES INVESTMENT McEwan Industries sells on terms of 3/10, net 40. Total sales for the year are $1,144,500, 40% of the customers pay on the 10 day and take discounts, while the other 60% pay, on average, 54 days after their purchases. Assume 365 days in year for your calculations a. What is the days sales outstanding? Round your answer to two decimal places. 36.40 days b. What is the average amount of receivables? Round your answer $ 114136.44 the nearest cent. Do not round Intermediate calculations c. What is the percentage cost of trade credit to customers who take the discount? Round your answers to two decimal places count and pay in 54 days? Round your answers to two decimal places. Do not roundermediate actions. d. What is the percentage cost of trade credit to customers who do not take the Nominal cost: Effective cost . What would happen to McEwan's accounts receivable if it toughened up on its collec decimal places. Do not round Intermediate calculations Days sales outstanding (050) with the rest that at nondiscount customers paid on the 40 day? Round your newers to MacBook Pro