Global Corp's DSO and Accounts Receivable?

Global corp. has $620,000 in accounts receivable and generated 4,910,000 in sales (all on credit) during the yr that just ended. The firm's days sales outstanding DSO is _________ days? Use 365 days a yr to calculate.

a. 50.7 b. 43.79 c.46.09 d. 48.39

Global corp. CEO currently unhappy with the DSO and wants to improve collections next year. Sales are expected to grow by 12% next year and the CEO wants to lower the DSO to industry average of 30 days. How much accounts receivable is the firm expected to carry?

497,188 451,989 429,390 or 406,790