Inflex corp uses credit terms of 315 net 40 30 of their, Ask an Expert

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Inflex Corp. uses credit terms of 3/15 net 40. 30% of their customers take advantage of the discount and pay on day 15, 70% of their customers pay on day 40. What is Inflex Corp.'s days sales outstanding? Please show work

a. 3.06 days
b. 25 days
c. 27.5 days
d. 32.5 days

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Basic Finance, Finance

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