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February 15, 2020 at 12:32 PM Weir Incorporated has sales of $220,000 and accounts receivable of $19,500. You can easily show that its DSO is

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February 15, 2020 at 12:32 PM Weir Incorporated has sales of $220,000 and accounts receivable of $19,500. You can easily show that its DSO is well over the industry average of 27 days. Suppose that it speeds up collection, matches the industry average, and manages to earn 7% interest on the cash not tied up in receivables. What would be the savings per year? Assume that sales are not affected by the tighter credit. A)-$277.26 B)-225.82 C)-$244.04 D) -$256.44 E)-$296.44

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