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Homework: 4-2 MyFinanceLab Assignment Save Score: 0 of 4 pts 7 of 12 15 complete) HW Score: 26%, 13 of 50 pts P4-10 (similar to)
Homework: 4-2 MyFinanceLab Assignment Save Score: 0 of 4 pts 7 of 12 15 complete) HW Score: 26%, 13 of 50 pts P4-10 (similar to) Question Help (Efficiency analysis) Alei Industries has credit sales of $142 million a year. Aler's management reviewed to credit policy and decided that it wants to maintain an average collection perod of 45 cays. a. What is the maximum level of accounts receivable that Alei can carry and have a 45-day average collection period? b. Ale's current accounts receivable collection period is 60 days, how much would have to reduce ds level of accounts receivable in order to achieve its goal of 45 days? a. What is the maximum level of accounts receivable that Alei can carry and have a 45-day average collection period? The maximum level of accounts receivable will be s million found to one decimal place. Enter your answer in the answer box and then click Check Answer ? 1 part remaining Clear All Check Anaws
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