Lamar lumber company has sales of 10 million per year allon, Ask an Expert

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

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