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11-03-2024
Business

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McEwan Industries sells on terms of 3/10, net 20. Total sales for the year are $1, 670, 500; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average, 52 days after their purchases. Assume 365 days in year for your calculations. What is the days sales outstanding? Round your answer to two decimal places.

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