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Financial ratios in the forecasting process Your boss has asked you to take a closer look at your company's credit policies. You have been given

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Financial ratios in the forecasting process Your boss has asked you to take a closer look at your company's credit policies. You have been given the following information: Your firm's DSO is_____Your boss is unhappy with your company's DSO and wants to bring it down to the industry average of 25 days. The marketing department told you that they expect sales to grow by 12% next year. This means that your company can expect to have an accounts receivable balance of_____next year

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