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Last year, Thilla Pharmaceuticals had annual sales of $ 4 5 0 million, and cost of goods sold totaled $ 3 7 5 million. The

Last year, Thilla Pharmaceuticals had annual sales of $450 million, and cost of goods sold totaled $375 million. The firm's accounts receivable balance is $58 million. Suppose that Thilla reduces its Days' Receivable by 3 days. Assuming everything else remains constant, what it the firm's new receivables balance?
$54.3 million
$44.0 million
$47.3 million
$56.1 million
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