Question: to me Attempts: 0 Keep the Highesti on 12. Problem 4.20 Click here to read the eBook: Asset Management Ratios Problem Walk-Through DSO AND ACCOUNTS

to me Attempts: 0 Keep the Highesti on 12. Problem 4.20 Click here to read the eBook: Asset Management Ratios Problem Walk-Through DSO AND ACCOUNTS RECEIVABLE Ingraham Inc. Currently has $435,000 in accounts receivable, and its days sales outstanding (050) is 45 days. It wants to reduce its DSO to 20 days by pressuring more of its customers to pay their bilson time. If this policy is adopted, the company's average sales w all by 10%. What will be the level of accounts receivable forlowing the change? Assume a 365-day year. Do not round Intermediate calculations. Round your answer to the nearest cent. Continue without saving

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