By how much would receivables decline

Reference no: EM131763829

Question: Financial data for ABC. for 2015 are shown below, along with the days sales outstanding of the firms against which it benchmarks. The firm's new CFO believes that the company could reduce its receivables enough to reduce its DSO to the benchmarks' average. If this were done, by how much would receivables decline?

Sales $110,000

Accounts receivable $ 16,000

Days sales outstanding (DSO) 53.09

Benchmark days sales outstanding (DSO) 30.00

Reference no: EM131763829

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