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Question 7 0/1 point TCBW last year had an average collection period (days sales outstanding) of 40 days based on accounts receivable of $460,000. All

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Question 7 0/1 point TCBW last year had an average collection period (days sales outstanding) of 40 days based on accounts receivable of $460,000. All of the firm's sales are made on credit. The firm expects sales this year to be the same as last year. However, the company has begun a new credit policy that should lower the average collection period to 33 days. If the new average collection period is attained, what will the firm's accounts receivable balance equal? (Round your answer to zero decimal places.) The RRR Company has a target current ratio of 3.3. Presently, the current ratio is 4.3 based on current assets of $11,180,000. If RRR expands its fixed assets using short- term liabilities (maturities less than one year), how much additional funding can it obtain before its target current ratio is reached? (Round your answer to the nearest dollar.)

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