Unique Co., Inc., the electronics and appliance chain, reported these figures in millions of dollars:

Requirements
1. Compute Unique€™s days€™ sales in receivables or days€™ sales outstanding (DSO) during 2013.
2. Is Unique€™s DSO long or short? Zion Networks takes 39 days to collect its average level of receivables. QuickShip, the overnight shipper, takes 33 days. What causes Unique€™s collection period to be sodifferent?

Transcribed Image Text:

2013 2012 Net sales... Receivables at end of year . S570,500 $602,000 4,210 3,870