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5.Inga Inc. currently has $205,000 in Accounts Receivable, and their DSO is 71 days. Their new CFO wants the DSO dropped to 20 days by
5.Inga Inc. currently has $205,000 in Accounts Receivable, and their DSO is 71 days. Their new CFO wants the DSO dropped to 20 days by | ||||||||||
revamping policy and putting pressure on customers to pay. If adopted, the company's average sales will drop by 15%. What will be the | ||||||||||
level of Accounts Receivable following the change?
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