Your firm has 45 million invested in accounts receivable


Your firm has $45 million invested in accounts receivable, which is 90 days of net revenue. If this could be reduced to 50 days, what annual increase would your firm realize if the increase in cash could be invested at 7.5%?

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Financial Management: Your firm has 45 million invested in accounts receivable
Reference No:- TGS01165056

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