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Data on Nathan Enterprises for the most recent year are shown belie along with the days sales outstanding of the firms against which it benchmarks.
Data on Nathan Enterprises for the most recent year are shown belie along with the days sales outstanding of the firms against which it benchmarks. The firms new CFO believes that the company could reduce its receivables enough to reduce its DSO to the benchmarks average. If this were done by how much would receivables decline? Use a 365 day year. Sales $110000 Account receivables $16000 Days sales outstanding 53.09 Benchmark days sales outstanding 20.00 a. 9973 b. 12067 c. 10970 d. 8078 e. 8975
Sales $110000
Account receivables $16000
Days sales outstanding 53.09
Benchmark days sales outstanding 20.00
a. 9973
b. 12067
c. 10970
d. 8078
e. 8975
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