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Mondale Motors has forecasted the following year-end balance sheet: Liabilities and Equity: The company also forecasts that its days sales outstanding (DSO) on a 365-day

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Mondale Motors has forecasted the following year-end balance sheet: Liabilities and Equity: The company also forecasts that its days sales outstanding (DSO) on a 365-day basis will be 35.486 days. Now, assume instead that Mondale is able to reduce its DSO to the industry average of 30.417 days without reducing its sales. Under this scenario, the reduction in accounts receivable would generate additional cash. This additional cash would be used to reduce its notes payable. If this scenario were to occur, what would be the company's current ratio

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