Potter manufacturing currently has 580000 in accounts, Ask an Expert

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Potter Manufacturing currently has $580,000 in accounts receivable and generated $4,550,000 in sales during the year just ended. Potter's CFO is unhappy with the DSO and wants to improve collections next year. Sales are expected to grow by 14% next year and the CFO wants to lower the DSO to the industry average of 42 days. If successful, by how much would the company's AFN be reduced?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92870598

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