Question: Attempts: Keep the Highest: 1 12. Problem 4.20 Click here to read the eBook: Asset Management Ratios Problem Walkthrough DSO AND ACCOUNTS RECEIVABLE Ingraham Inc.

Attempts: Keep the Highest: 1 12. Problem 4.20 Click here to read the eBook: Asset Management Ratios Problem Walkthrough DSO AND ACCOUNTS RECEIVABLE Ingraham Inc. Currently has $575,000 in accounts receivable, and its days sales outstanding (DSO) is 54 days. It wants to reduce its so to 20 days by pressuring more of its customers to pay their bilson time. If this policy is adopted, the company's average sales will fall by 10%. What will be the level of accounts receivable following the change? Assume a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent

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