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What would be the new level of receivables

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Norwood corp currently has accounts receivable of $1,223,675 on net sales of $6,216,900. If Norwood corps management wants to reduce the DSO to an industry average of 56.3 days and it's net sales are expected to decline by about 12 percent, what would be the new level of receivables ? Use 365 days for calculation round to nearest dollar

Reference no: EM131712516

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