Lamar lumber company has sales of 9 million per year all on

Assignment Help Accounting Basics

Reference no: EM13597152

Lamar Lumber Company has sales of $9 million per year, all on credit terms calling for payment within 30 days; and its accounts receivable are $2.25 million. Assume 365 days in year for your calculations.

a.What is Lamar's DSO? Round your answer to two decimal places.

b.What would DSO be if all customers paid on time? Round your answer to two decimal places.

c.How much capital would be released if Lamar could take actions that led to on-time payments? Round your answer to the nearest cent.

Reference no: EM13597152

Questions Cloud

Prestopinos management is trying to analyze the effect of a : prestopino corporation produces motorcycle batteries. prestopino turns out 1500 batteries a day at a cost of 5 per

How is the first graph the correct answer for letter : how is the first graph the correct answer for letter d?depreciation of equipment where the amount is computed by the

Chlorination of ethane yields in addition to ethyl : chlorination of ethane yields in addition to ethyl chloride a mixture of two isomeric dichlorides. what are the

At dec 312010 had 7000 shares of cs issued and oustanding : at dec. 312010 had 7000 shares of cs issued and oustanding. april 12011 an additional 1000 shares of cs were issued and

Lamar lumber company has sales of 9 million per year all on : lamar lumber company has sales of 9 million per year all on credit terms calling for payment within 30 days and its

2500000 shares of cs outstanding on dec 31 2009 additional : 2500000 shares of cs outstanding on dec. 31 2009. additional 500000 shares of cs were issued on april 1 2010 and 250000

Compare the structure of the thiosulphate ion vs sulphite : 1. compare the structure of the thiosulphate ion vs. sulphite ion2. how would you determine the degree of purity of the

If primrose could lower its inventories and receivables by : primrose corp has 13 million of sales 2 million of inventories 3 million of receivables and 2 million of payables. its

If the perpetual inventory record is kept in dollars and : compute fifo lifo and average cost - periodic and perpetual some of the information found on a detail inventory card

User Account

All Pages