Cyber letter services cls days sales outstanding dso, Ask an Expert

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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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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92204133

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