Problem $17\mathrm{.}10($Regression and Receivables$)$

dwards Industries has $$450$ million in sales. The company expects that its sales will increase $20\%$ this year. Edwards' CFO uses a simple linear regression to forecast the company's eceivables level for a given level of projected sales. On the basis of recent history, the estimated relationship between receivables and sales $($in millions of dollars$)$ is as follows:

Receivables $=$$$10\mathrm{.}25+0\mathrm{.}05(Sales)$

iven the estimated sales forecast and the estimated relationship between receivables and sales, what are your forecasts of the company's year$-$end balance for receivables? Enter your nswer in millions. For example, an answer of $$25,400,000$ should be entered as $25\mathrm{.}40.$ Do not round intermediate calculations. Round your answer to two decimal places. million

What are your forecasts of the company's year$-$end days sales outstanding $($DSO$)$ ratio? Assume $365$ days in year for your calculations. Do not round intermediate calculations. Round your nswer to two decimal places. days