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Now assume sales for Quality Shipping Company ( introduced in Question 2 ) still equal $ 9 . 0 million, all of which are still
Now assume sales for Quality Shipping Company introduced in Question still equal $ million, all of which are still credit sales. However, the firm now maintains a DSO of days. Determine the firms reduction or increase in Accounts Receivable at the new level of DSO. For your calculation, again, assume a day year.
A Increase by $
B Increase by $
C Decrease by $
D Decrease by $
E Decrease by $
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