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The aging schedule of a firm shows that 40 percent of the receivables are collected in 18 days and the remaining 60 percent of the receivables are collected in 50 days. As a result, the firm's days sales outstanding (DSO) is _____. Group of answer choices

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The firm's days sales outstanding is 37.2 days.

Days sales outstanding refers to the average number of days its takes a firm to receive the payment for a sale done.

Days sales outstanding = 18 days*40% + 50 days*60%

Days sales outstanding = 7.2 days + 30 days

Days sales outstanding = 37.2 days

Therefore, the firm's days sales outstanding is 37.2 days.

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