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A firm currently has receivables of $900,000 and revenues of $6,500,000. The firm's treasury manager would like to reduce the DSO by 3 days to

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A firm currently has receivables of $900,000 and revenues of $6,500,000. The firm's treasury manager would like to reduce the DSO by 3 days to be in line with industry standard, solely through a reduction in receivables. What is the new receivables amount? a. $846,603 b.$53,397 c. $952,109 d. $365,000

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