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How much accounts receivable is the firm expected

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Reference no: EM133114454

Compuglobal Corp. currently has $660,000 in accounts receivable and generated $4,650,000 in sales (all on credit) during the year that just ended. The firm's days sales outstanding (DSO) is (38.86/ 51.81/ 49.22/ 41.45) days. Use 365 days as the length of a year in all calculations.

Compuglobal Corp.'s CFO 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?

  • $428,055
  • $406,652
  • $449,458
  • $513,666

Reference no: EM133114454

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