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Data on Kleist & Co. for last year are shown below, along with the days sales outstanding. The new CFO believes the company could reduce
Data on Kleist & Co. for last year are shown below, along with the days sales outstanding. The new CFO believes the company could reduce its receivables enough to reach the DSO benchmark. If this were achieved, what would the new Accounts Receivable be? Round to the nearest whole number. Do NOT enter with a dollar sign. Sales $111,000
Accounts receivable $16,000
Benchmark Days
Sales Outstanding (DSO) 20
Response Feedback: Solve for a new AR that sets the DSO equal to the target value.
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Interest Rate Swaps And Their Derivatives A Practitioners Guide
Authors: Amir Sadr
1st Edition
0470443944, 978-0470443941
