Question
Company ABC has annual sales of $365,000 and days sales outstanding of 40. If days sales outstanding was reduced to 30, then A. cash would
Company ABC has annual sales of $365,000 and days sales outstanding of 40. If days sales outstanding was reduced to 30, then
A. cash would decrease by $10,000
B. cash would increase by $10,000
C. cash would not be affected
D. cash would increase by $36,500
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Finance Applications and Theory
Authors: Marcia Cornett
4th edition
1259691411, 978-1259691416
