Profile inc has days sales outstanding dso of 50 day and, Ask an Expert

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Profile Inc. has days sales outstanding (DSO) of 50 day and $650k in accounts receivable. The company wants to reduce its DSO to 25 days. To do this the company will pressure its customers to pay their bills sooner; however, if it adopts this policy, the firm’s average sales will decrease by 20%. Assume Profile implements the change, what will be the level of accounts receivable? Assume a 365-day year.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92828930

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