How much accounts receivable is firm expected to carry

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Reference no: EM131983982

1) Compuglobal corp. currently has $660 000 in accounts receivable and generated $4,350,000 in saes (all on credit) during the year that just ended. The firm's days sales outstanding is __________ days? Use 365 days as the length of a year in all calculations.

2) Compuglobal corp'sCFO is unhappy with its DSO and wants to improve collections next year. Sales are expected to grow by 12% next year, and the CFO wants to lower the DSO to the industry average of 30 days. How much accounts receivable is the firm expected to carry?

$440,482

$400,438

$480,526

$460,504

Reference no: EM131983982

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