Mercury Corp.’s sales last year were $395,000, and its year-end receivables were $42,500….

Mercury Corp.’s sales last year were $395,000, and its year-end receivables were $42,500. Mercury sells on terms that call for customers to pay 30 days after the purchase, but many delay payment beyond Day 30. On average, how many days late do customers pay? Base your answer on this equation: DSO – Allowed credit period = Average days late, and use a 365-day year when calculating the DSO.

Want to Get  an A+ Paper at an Affordable Price! Or Any Other Paper Similar To This!