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A company has $2,550,558 of accounts receivable that represent 51 days of sales outstanding (DSO). The company wants to reduce its DSO to 35 by

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A company has $2,550,558 of accounts receivable that represent 51 days of sales outstanding (DSO). The company wants to reduce its DSO to 35 by pressuring its customers to pay more quickly. The company expects that its efforts will cause sale to decrease by 30%. What will be the new amount of the company's accounts receivable after the change in DSO? (Hint: Solve for current sales using the DSO equation first; and then solve for new sales) A) $1,167,178 OB) $1,314,325 C) 1,225,268 D) $1,363,452 E) $1,264,123

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