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4. Financial ratios in the forecasting process Atlantic Northern Inc. currently has $660,000 in accounts receivable and generated S4,440,000 in sales (all on credit) during

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4. Financial ratios in the forecasting process Atlantic Northern Inc. currently has $660,000 in accounts receivable and generated S4,440,000 in sales (all on credit) during the year that just ended. The firm's days sales outstanding (DSO) is days. Use 365 days as the length of a year in all calculations. Atlantic Northern Inc.'s CFO is unhappy with its so and wants to improve collections next year. Sales are expected to grow by 12% next year, and the Cro wants to lower the DSO to the industry average of 30 days. How much accounts receivable is the firm expected to carry? $449,595 $408,723 $470,031 $531,340

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