Weir incorporated has sales of 200000 and accounts, Ask an Expert

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Weir Incorporated has sales of $200,000 and accounts receivable of $18,500. You can easily show that its DSO is well over the industry average of 27 days. Suppose that it speeds up collection, matches the industry average, and manages to earn 8% interest on the cash not tied up in receivables. What would be the savings per year? Assume that sales are not affected by the tighter credit.

$241.45 $254.16 $267.54 $281.62 $296.44

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91729074

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