Question
Your firm has 45 million invested in accounts receivable, which is 90 days of net revenues. If this value could be reduced to 50 days,
Your firm has 45 million invested in accounts receivable, which is 90 days of net revenues. If this value could be reduced to 50 days, what annual increase in income would your firm realize if the increase in cash could be invested at 7.5%?
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Essentials of Accounting for Governmental and Not-for-Profit Organizations
Authors: Paul A. Copley
10th Edition
007352705X, 978-0073527055
