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A firm currently has receivables of $800,000. inventory of $700,000, and accounts payable of $400,000. revenues of $6, 500,000 and COGS of $3, 250,000. The
A firm currently has receivables of $800,000. inventory of $700,000, and accounts payable of $400,000. revenues of $6, 500,000 and COGS of $3, 250,000. The firm's treasury manager would like to reduce the days sales outstanding by 2 days, solely through a reduction in receivables What is the required change in receivables to hit this target? $782, 191.78 $764, 328.78 $35, 616.44 $17, 808.22
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