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Taggart Transcontinental Corp. currently has $660,000 in accounts receivable and generated $4,870,000 in sales (all on credit) during the year that just ended. The firm's
Taggart Transcontinental Corp. currently has $660,000 in accounts receivable and generated $4,870,000 in sales (all on credit) during the year that just ended. The firm's days sales outstanding (DSO) is as the length of a year in all calculations. days? Use 365 day:s Taggart Transcontinental Corp.'s CFO is unhappy with its DSO and wants to improve collections next year. Sales are expected to grow by 14% next year, and the CFO wants to lower the DSO to the industry average of 30 days. How much accounts receivable is the firm expected to carry? O $570,390 O $547,574 O $456,312 O $524,759
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