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Please answer those question answer. THANKS Ingraham Inc. currently has $945,000 in accounts receivable, and its days sales outstanding (DSO) is 61 days. It wants
Please answer those question answer.
THANKS
Ingraham Inc. currently has $945,000 in accounts receivable, and its days sales outstanding (DSO) is 61 days. It wants to reduce its DSO to 35 days by pressuring more of its customers to pay their bills on time. If this policy is adopted, the company's average sales will fall by 15%. What will be the level of accounts receivable following the change? Assume a 365-day year. Do not round intermediate calculations. Round your answer to the nearest dollar Grade It Now Save & Continue The Stewart Company has $2,066,000 in current assets and $785,080 in current liabilities. Its initial inventory level is $516,500, and it will raise funds as additional notes payable and use them to increase inventory. How much can its short-term debt (notes payable) increase without pushing its current ratio below 2.0? Round your answer to the nearest dollar. Grade It Now Save & ContinueStep by Step Solution
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