Given the data for Telecraft Enterprises in Problem 14.21, re-estimate the firms operating cycle if days sales

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Given the data for Telecraft Enterprises in Problem 14.21, re-estimate the firm’s operating cycle if days sales outstanding decreased to 75 days. For the same level of sales, what is the implied dollar value of receivables with 75 days’ sales outstanding?

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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