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Assume the following is the current asset section from the Squirrel.com Balance Sheet. Assume Revenues for 2017 was $1,538,000 Assume the following is the current
Assume the following is the current asset section from the Squirrel.com Balance Sheet. Assume Revenues for 2017 was $1,538,000
Assume the following is the current asset section from the Squirrel.corn Balance Sheet. Assume Revenues for 2017 was $1.538.OOO Cash and Cash Equivalents Investments Accounts Receivable, net Deferred I ncome Taxes Prepaid expenses Current assets of discontinue operations Funds held for payroll Customers Total current assets 2017 63.535 645.115 60.125 34850 69275 S 11.989 257.838 1,142.727 2016 s 15208 669.791 61.615 11.094 32.792 2.279 223041 1,015.820 If the company can decrease the Receivables Turnover by 6 days. at the current sales level, what will be the increase in operating cashflow? Round to thc nearest dollar.
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