Data on Huizenga Enterprises for the most recent year are shown below, along with the days sales outstanding of the firms against which it...

Q1.

Sales   $150,000

Accounts receivable   $23,000

Days sales outstanding (DSO)           55.97

Benchmark days sales outstanding (DSO)    35.00

Q2.

Cost of goods sold =  $75,000

Payables =      $5,000

Payables deferral period (PDP) =      24.33

Benchmark payables deferral period =          30.00