Harrelson Inc. currently has $750,000 in accounts receivable, and its days salesoutstanding (DSO) is 55 days. It wants to reduce its DSO to 35 days by pressuringmore of its customers to pay their bills on time. If this policy is adopted the company’saverage sales will fall by 15 percent. What will be the level of accounts receivable following the change? Assume a 365 day year.
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