3. Accounts receivable Effective credit management involves establishing credit standarch for extending credit to customers, determining the company's credit terms, and setting up procedures for invoicing and collecting past due accounts. The following statement refers to a credit management policy. Select the best term to complete the sentence. The minimum financial strength a customer must have to be granted credit is indicated by the company's Consider the case of Universal Exports Inc. Universal Exports Inc.'s CFO has decided to take a closer look at the company's credit policy. Universal Exports Inc. has annual sales of $379,3 million, and it currently has an accounts receivable balance of $46.3 million. The first step in analyzing the firm's credit policy is to determine its days sales outstanding (DSO). Universal Exports Inc.'s CFO has decided to take a closer look at the company's credit policy. Universal Exports Inc, has annual sales of $379.3 million, and it currently has an accounts receivable balance of $46.3 million. The first step in analyzing the firm's credit policy to determine its days sales outstanding (OSO). Based on this information, Universal Exports Inc. DSO (Note: Use 365 days as the length of a year in all calculations.) The average DSO for Universal Exports loc industry is 51.7 days. Assuming that its sales stayed the same, what would be Universal Exports inc's receivables balance if it maintained the industry average oso Universal Exports Inc.'s Cho thinks that the company has not done a very good job of enforcing its credit policy. The CFO believes that if the company were to better anforce its credit policy, it would reduce its 5 to 30 days, however , this will cause Universal Exports Inc. to lose 4% of its sales revenue. What would Universal Exports Inc. e.cected accounts receivables balance be a decides to tighten its credit policy? $29,926.330 525,439,081 532.921.163 531,424,747