Question: Click here to read the eBook: Asset Management Ratios Problem Walk-Through DSO AND ACCOUNTS RECEIVABLE Ingraham Inc. currently has $405,000 in accounts receivable, and its

Click here to read the eBook: Asset Management Ratios Problem Walk-Through DSO AND ACCOUNTS RECEIVABLE Ingraham Inc. currently has $405,000 in accounts receivable, and its days sales outstanding (OSO) is 48 days. It wants to reduce ita DSC to 5 days by pressuring more of its customers to pay their bills on time. If this policy is adopted, the company's average sales will fall by . 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 cont. $

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