If cls can reduce its dso to 45 days what impact would this, Finance Basics

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If cls can reduce its dso to 45 days what impact would this

Cyber Letter Service's (CLS) days sales outstanding (DSO) currently is 50 days.

(a) If annual sales are $144,000, what is the average balance in accounts receivable?

(b) If CLS can reduce its DSO to 45 days, what impact would this change have on its accounts receivable balance?

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Finance Basics: If cls can reduce its dso to 45 days what impact would this

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Finance Basics: If cls can reduce its dso to 45 days what impact would this

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