Question: Please provide the accurate answer to this general accounting problem using valid techniques. Evergreen Corp. has sales of $150,000 and accounts receivable of $12,000. It

Please provide the accurate answer to this general accounting problem using valid techniques.

Please provide the accurate answer to this
Evergreen Corp. has sales of $150,000 and accounts receivable of $12,000. It gives its customers 35 days to pay. The industry average DSO is 30 days, based on a 365- day year. If the company changes its credit and collection policy to reduce its DSO to the industry average, and if it earns 6% on the cash freed up by this change, how would that affect its net income, assuming other things are held constant

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