Question 9
1.5 pts
BTS Corporation offers customers a 45-day credit period to settle
their invoices for merchandise purchases. The total sales for the
previous year amounted to $325,000, with year-end receivables
standing at $60,000. To determine whether customers are paying on
time or late, we can calculate the Days Sales Outstanding (DSO).
Base your answer on this equation: DSO - Credit Period = Days
early or late and use a 365-day year when calculating the DSO. A
positive answer indicates late payments, while a negative answer
indicates early payments. The company DSO - the Credit Period is
Assume all sales to be on credit.
17.01
22.38
67.38
26.86