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Coca-cola's annual revenue is $33014 and cost of goods sold is $13433. The firm's accounts receivable is $3144 and inventory is $3266. Coca-cola's accounts payable
Coca-cola's annual revenue is $33014 and cost of goods sold is $13433. The firm's accounts receivable is $3144 and inventory is $3266. Coca-cola's accounts payable is $3517. Suppose that the firm finds a way to reduce the cash conversion cycle by reducing days sales outstanding by 2 days. Assuming no other changes. What is the resulting change in the accounts receivabele balance?
A 90.5
B -180.9
C 176.3
D -90.5
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