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A firm is planning for next year and has developed the following information This year's sales: $7.20M Next year's sales: $8.28M This year's Accounts receivable:
A firm is planning for next year and has developed the following information
This year's sales: $7.20M
Next year's sales: $8.28M
This year's Accounts receivable: $1.00M
What receivables balance should the firm plan for next year if management intends to
reduce the DSO by ten days? (Calculate using ending balances and a 360-day year):
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
8th Edition
0357714636, 9780357714638
