What annual increase would your firm realize

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Reference no: EM131289824

Your firm has $45 million invested in accounts receivable, which is 90 days of net revenue. If this could be reduced to 50 days, what annual increase 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. None of the above

Reference no: EM131289824

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