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QUESTION 6 ABC Company's Days Sales Outstanding (DSO) has increased from 20.3 days to 38.3 days this year, although the company's annual sales have stayed
QUESTION 6 ABC Company's Days Sales Outstanding (DSO) has increased from 20.3 days to 38.3 days this year, although the company's annual sales have stayed the same at $24,000,000. Given this change in the DSO, by how much has Accounts Receivable increased for the year? Show your answer to the nearest dollar (e.g., 123456). QUESTION 7 ABC Company's Accounts Receivable Turnover Ratio is 5.1. If sales increase this year from 389,000 to 538,000 and the Accounts Receivable Turnover Ratio stays the same, by how much will Accounts Receivable increase this year?. QUESTION 8 This year, ABC expects sales of $131,626,000 and a gross profit margin of 28.8 percent this year, along with an Inventory Turnover Ratio (COGS Basis) of 6.10. What is ABC's projected level of inventory, given these numbers
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