Cyber Letter Services (CLS) days sales outstanding (DSO) currently is 50 days. (a) If annual sales are

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Cyber Letter Service’s (CLS) days sales outstanding

(DSO) currently is 50 days.

(a) If annual sales are $144,000, what is the average balance in accounts receivable?

(b) If CLS can reduce its DSO to 45 days, what impact would this change have on its accounts receivable balance?

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Cfin4 Plus Coursemate Printed Access Card 2014

ISBN: 9781285434544

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Authors: Scott Besley, Eugene F. Brigham

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Question Posted: Jun 10, 2024 02:07 AM

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Cyber Letter Services (CLS) days sales outstanding (DSO) currently is 50 days. (a) If annual sales are

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