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solve 15 Puestion 15 Boyer Powered BCD corporation had an average days-of-sales-outstanding (DSO) period of 19 days in 2017. An analyst thinks thet BCD's DSO
solve 15
Puestion 15 Boyer Powered BCD corporation had an average days-of-sales-outstanding (DSO) period of 19 days in 2017. An analyst thinks thet BCD's DSO will decline in 2018 (because of expected improvements in company's collection departent to match the industry average of 15 days. Total sales (all on credit) in 2017 were $300 million, and BCD expects total sales (all on credit) to increase to $320 milion in 2018. To achieve the lower DSO, the change in the average accounts receivable balance from 2017 to 2018 that must occur is closest to: s out of .00 - uestion a $2.46 million, b. 50.41 million c. $2.46 million ed $3.51 million o $3.51 million Step by Step Solution
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