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(Efficiency analysis) ALei Industries has credit sales of $148 million a year. ALeirs management teviewed ss credit policy and decided that it wants 10 maintain
(Efficiency analysis) ALei Industries has credit sales of $148 million a year. ALeirs management teviewed ss credit policy and decided that it wants 10 maintain an average collection pericd of 45 days. a. What is the maximum level of accounts receivable that ALei can carny and have a 45 -day average colection period? b. If ALers current acocunts recaivable colloction period is 56 days, how much would it have to reduce its level of accounts receivatio in order to achieve is poal of 45 das? a. What is the maximum level of accounts receivable that M.ei can carry and have a 45 -dory average collection period? The maximum level of acoounts receivable will be s millon. (Hound to one decimal place)
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