RSS Feed Attempts: Keep the Highest: /3 9. Days sales outstanding Wayne Enterprises's CFO has decided to take a closer look at the company's credit policy. Wayne Enterprises has annual sales of $379.3 million, and it currently has an accounts receivable balance of $47.1 million. The first step in analyzing the firm's credit policy is to determine its days sales outstanding (DSO). Based on this information, what is Wayne Enterprises's DSO? (Use 365 days as the length of a year in all calculations.) 31.7 days 38.5 days 45.3 days 34.0 days The average DSO for Wayne Enterprises's Industry is 51.7 days. Assuming that its sales stayed the same, what would be Wayne Enterprises's receivables balance if it maintained the industry average DSO? 2 Chapter 13.pdf SSRN-id 1464471.pdf - Chapter 12.pdf The average DSO for Wayne Enterprises's industry is 51.7 days. Assuming that its sales stayed the same, what would be Wayne Enterprises's recelvables balance if It maintained the industry average DSO? $56,411,778 561,784,328 $53,725,503 542,980,402 Wayne Enterprises's CFO thinks that the company has not done a very good job of enforcing its credit policy. The CFO believes that if the company were to better enforce its credit policy, it would reduce its DSO to 30 days; however, this will cause Wayne Enterprises to lose 4% of its sales revenue. Determine what Wayne Enterprises's expected accounts receivables balance would be if it decides to tighten its credit policy. $26,935,497 $29,928,330 $31,424,747 $25,439,081 Chapter 13.pdf SSRN-id 1464471.pdf Chapter 12.pdf