ng bld-442605&nbNodelda 154396536&elsBN-978130563597 MIND TAP Assignment 15- capital Management Working Due Today at 1159 PM POT Activity I Consider the case of Tun Ash Inc. Tun Ash Inc.'s CFo has decided to take a closer at the company's credit policy. Tur Ash Inc. has annual sales or look $379.3 million, and it aurrently has an accounts receivable balance of s47.1 million. The first step in analyzing the firm's credit policy is to determine its days sales outstanding (Dso). Based on this information, Tun Ash Inc.'s Dso is Note: Use 365 days as the length of a year in all calaulations.) The average Dso for Tun Ash Inc.'s industry is 53.9 days. Assuming its sales sta the same, what would be Tun Ash Inc.'s receivables that balanoe if maintained the industry average Dso? Tun Ash Inc.'s cFo thinks that the company has not done a very good job of en itscredit The ao believes that if the company were to better enforce its credit policy, would reduce its Dso to 30 days; however, this will cause Tun to lose 4% of its sales revenue, what would Tun Ash Inc.'s expected accounts receivables balance be if it decides to tighten its credit policy? Q $29,928,330 $34,417,580 Q $31,424,747 Q $37,410,413