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5. Financial ratios in the forecasting process Aa Aa E Rouster and Sideways Corp. currently has $715,000 in accounts receivable and generated $4,910,000 in sales
5. Financial ratios in the forecasting process Aa Aa E Rouster and Sideways Corp. currently has $715,000 in accounts receivable and generated $4,910,000 in sales (all on credit) during the year that just ended. The firm's days sales outstanding (DSO) is days? (Note: Use 365 days as the length of a year in all calculations.) Rouster and Sideways Corp.'s CFO is unhappy with its DSO and wants to improve collections next year. Sales are expected to grow by 16% next year, and the CFO wants to lower the DSO to the industry average of 30 days. How much accounts receivable is the firm expected to carry? $468,132 $538,352 $585,165 $444,725
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