Math Solutions

(See Solution) Receivables investment. Lamar Lumber Co has sales of $10 mill per year, all; on credit terms calling for payment within 30 days; and its

Question: Receivables investment. Lamar Lumber Co has sales of $10 mill per year, all; on credit terms calling for payment within 30 days; and its accounts receivable are $2 mill. 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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