Lamar Lumber Company has sales of $9 million per year, all on credit terms calling for payment within

| September 28, 2018

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 $1.8 million. Assume 365 days in year for your calculations.What is Lamar’s DSO? Round your answer to two decimal places? DaysWhat would DSO be if all the customers paid on time? Round your answer to two decimal points,? DaysHow much capital would be released if Lamar could take actions led to on-time payments? Round your answer to the nearest cent.$ ?

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