Question: Ingraham Inc. currently has $ 6 9 0 , 0 0 0 in accounts receivable, and its days sales outstanding ( DSO ) is 4

Ingraham Inc. currently has $690,000 in accounts receivable, and its days sales outstanding (DSO) is 45 days. It wants to reduce its
DSO to 25 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 25%. 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.
$
 Ingraham Inc. currently has $690,000 in accounts receivable, and its days

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