Question
A company has $450,000 of accounts receivable that represent 43 days of sales outstanding. The company wants to reduce its days of sales outstanding to
A company has $450,000 of accounts receivable that represent 43 days of sales outstanding. The company wants to reduce its days of sales outstanding to 30 by pressuring its customers to pay more quickly. The company expects that its efforts will cause sales to decrease by 12%. What will be the amount of the companys accounts receivable after the change?
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Funds Private Equity Hedge And All Core Structures
Authors: Matthew Hudson
1st Edition
1118790405, 978-1118790403
