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answer both parts please Your boss has asked you to take a closer look at your company's credit policies. You have been given the folicwing
answer both parts please
Your boss has asked you to take a closer look at your company's credit policies. You have been given the folicwing information: $695,000 Accounts receivable balance: Average daily sales: Weighted average cost of capitali $11.923 10% Your firm's days sales outstanding (DSO) is Your boss is unhappy with your company's DSO and wants to bring it down to the industry average of 25 days. The marketing department told you that they expect sales to grow by 16% next year. This means that your company can expect to have an accounts receivable balance of next year Step by Step Solution
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