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Use the following infor mation to calculate receivables: Annual credit sales are $ 3 6 5 million DSO is 6 o days From problem 1

Use the following infor mation to calculate receivables:
Annual credit sales are $365 million
DSO is 6o days
From problem 1, perform a sensitivity analysis on the receivables level, assuming:
A deterioration in collection efficiency whereby DSO increases to 9o days
An improvement in collection efficiency whereby DSO decreases to 25 days
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