Compuglobal Corp. currently has $695,000 in accounts receivable and generated $4,650,000 in sales (all on...
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Compuglobal Corp. currently has $695,000 in accounts receivable and generated $4,650,000 in sales (all on credit) during the year that just ended. The firm's days sales outstanding (DSO) is days. Use 365 days as the length of a year in all calculations. Compuglobal Corp.'s CFO is unhappy with its DSO and wants to improve collections next year. Sales are expected to grow by 16% next year, and the CFO wants to lower the DSO to the industry average of 30 days. How much accounts receivable is the firm expected to carry? O $487,676 O $443,342 $465,509 $399,008
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