Determine what would dso be if all customers paid on time

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Reference no: EM13335690

Lamar Lumber Company has sales of $11 million per year, all on credit terms calling for payment within 30 days; and its accounts receivable are $1.65 million. Assume 365 days in year for your calculations.

What is Lamar's DSO?

What would DSO be if all customers paid on time?

How much capital would be released if Lamar could take actions that led to on-time payments?

Reference no: EM13335690

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