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6. Financial ratios in the forecasting process Niagular Corp. currently has $715,000 in accounts receivable and generated $4,440,000 in sales (all on credit) during the
6. Financial ratios in the forecasting process Niagular Corp. currently has $715,000 in accounts receivable and generated $4,440,000 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.) Niagular Corp.'s CFO is unhappy with its DSO and wants to improve collections next year. Sales are expected to grow by 14% next year, and the CFO wants to lower the DSO to the industry average of 30 days. What amount of accounts receivable is the firm expected to carry? $436,823$457,624$416,022$540,829
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