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A firm has a Days Receivables Outstanding (DRO) of 43 days. Its annual sales outstanding are $2.8 billion. If it could reduce its DRO to

A firm has a Days Receivables Outstanding (DRO) of 43 days. Its annual sales outstanding are $2.8 billion. If it could reduce its DRO to 30 days, how much cash could it free up for other investments? Assume a 360-day year.

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$101,111,100

$58,333,300

$84,907,400

$111,481,500

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