Question: Problem 4.20 Check My Work (1 remaining 4-3: Asset Management Ratios Problem Walk-Through DSO and Accounts Receivable Harrelson Inc. currently has $270,000 in accounts receivable,

 Problem 4.20 Check My Work (1 remaining 4-3: Asset Management Ratios

Problem 4.20 Check My Work (1 remaining 4-3: Asset Management Ratios Problem Walk-Through DSO and Accounts Receivable Harrelson Inc. currently has $270,000 in accounts receivable, and its days sales outstanding (DSO) is 58 days. It wants to reduce its DSO to 25 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 Round your answer to the nearest cent Hide Feedback Incorrect Check My Work Ciremaining) See S t Agent for Grading Problem 20

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