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Ouyang Inc. had average days of sales outstanding of 13 days in the most recent fiscal years. Ouyang Inc. wants to improve it to match
Ouyang Inc. had average days of sales outstanding of 13 days in the most recent fiscal years. Ouyang Inc. wants to improve it to match the industry average of 10 days next year. Sales in the most recent fiscal year were $200 million and the predicted sales of next year is $250 million. To achieve the goal of decreasing the collection period, the change in the average A/R balance that must occur is closest to:
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