Use the following simplified 2019 balance sheet for ABC Inc., show, in general terms, how an improvement in the DSO would tend to affect the stock price. For example, if the company could improve its collection procedures and thereby lower its DSO from 45.6 days to the 30-day industry average without affecting sales, how would that change ripple through the financial statements (shown in thousands below) and influence the stock price? Show all computations and fully explain your answer.

Accounts receivable $ 778

Other current assets 1,902

Net fixed assets 817

Total assets $3,497

Debt $1,545

Equity 1,952

Liabilities plus equity $3,497