What annual increase in income would your firm realize

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Question - Your firm has $45.0 million invested in accounts receivable, which is 90 days in accounts receivable. 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%?

a. $20.0 million

b. $1.5 million

c. $1.875 million

d. $500,000 million

Reference no: EM133090606

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