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You work for a start-up called Dutchess Drone Delivery. Last year's sales were $7,300,000 and accounts receivable (receivables) was $1,000,000. Your boss asks you how
You work for a start-up called Dutchess Drone Delivery. Last year's sales were $7,300,000 and accounts receivable ("receivables") was $1,000,000. Your boss asks you how much cash could be saved with a 10-day improvement in DSO? Hint: You might start by calculating current DSO, then figure out the cash improvement
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