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Malty Publications Inc. currently has dollar 660,000 in accounts receivable and generated dollar 4, 910,000 in sales (all on credit) during the year that just
Malty Publications Inc. currently has dollar 660,000 in accounts receivable and generated dollar 4, 910,000 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 12 percentage 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? dollar 587, 586 dollar 429, 390 dollar 542, 387 dollar 451, 989
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