please do parts A and B.

A) What is the maximum level of accounts receivable that ALei can carry and have 35-day average collection period?

b) If ALei's current accounts receivable collection period is 55 days, how much would it have to reduce its level of accounts receivable in order to achieve its goal of 35 days?

Question Help (Efficiency analysis) ALei Industries has credit sales of $148 million a year. ALei's management reviewed its credit policy and decided that it wants to maintain an average collection period of 35 days a. What is the maximum level of accounts receivable that ALei can carry and have a 35-day average collection period? b. If ALei's current accounts receivable collection period is 55 days, how much would it have to reduce its level of accounts receivable a. What is the maximum level of accounts receivable that ALei can carry and have a 35-day average collection period? The maximum level of accounts receivable will be s million. (Round to one decimal place.) Enter your answer in the answer box and then click Check Answer 224 AM Type here to search