(Answered) Leyton lumber company has sales of 12 million per year all

Finance

Leyton Lumber Company has sales of $12 million per year. all on credit terms calling for payment within 30 days, and its accounts receivable are $1.5 million. What is Leyton's DSO. What would it be if all customers paid on time , and how much capital would be released if Leyton could take action that led to on-time payments?

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