Firm x has sales of 10 million per year all on credit terms, Ask an Expert

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Company x has sales of 10 million per year, all on credit terms calling for payment within 30 days; and its accounts receivable is 2 million. what is the company's DSO, what would it be if all customers paid on time, and how much capital would be released if the company could take action that led to on-time payments?

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