If Norwood Corp.s management wants to reduce the DSO from that calculated in the above problem to

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If Norwood Corp.’s management wants to reduce the DSO from that calculated in the above problem to an industry average of 56.3 days and its net sales are expected to decline by about 12 percent, what would be the new level of receivables?

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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Question Posted: Jun 08, 2012 12:19 AM

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If Norwood Corp.s management wants to reduce the DSO from that calculated in the above problem to

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Target DSO 563 days New level of sa...View the full answer

Fundamentals of corporate finance

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