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Malty Publications Inc. currently has $620,000 in accounts receivable and generated $4,870,000 in sales (all on credit) during the year that just ended. The firm's
Malty Publications Inc. currently has $620,000 in accounts receivable and generated $4,870,000 in sales (all on credit) during the year that just ended. The firm's days sales outstanding (DSO) is days. Use 365 days as the length of a year in all calculations. Malty Publications Inc.'s CFO is unhappy with its DSO and wants to improve collections next year. Sales are expected to grow by 16% next year, and the CFO wants to lower the DSO to the industry average of 30 days. How much accounts receivable is the firm expected to carry? $557,182 $441,102 $533,966 $464,318
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