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Leyton Lumber Company has sales of $8 million per year, all oncredit terms calling for payment within 30 days, and its accountsreceivable are $1.6 million. Assume 365 days in year for yourcalculations.What is Leyton's DSO? Round your answer to two decimalplaces.What would DSO be if all customers paid on time? Round youranswer to two decimal places.How much capital would be released if Leyton could take actionsthat led to on-time payments? Round your answer to the nearestcent. Write out your answer completely. For Example, 13.2 millionshould be entered as 13,200,000.
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