(Efficiency analysis) ALei Industries has credit sales of $145 million a year. ? ALei's management reviewed...

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(Efficiency analysis) ALei Industries has credit sales of $145million a year. ? ALei's management reviewed its credit policy anddecided that it wants to maintain an average collection period of40 days.
a. What is the maximum level of accounts receivable that ALeican carry and have a 40?-day average collection? period?
b. If? ALei's current accounts receivable collection period is50 days, how much would it have to reduce its level of accountsreceivable in order to achieve its goal of 40 days?

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(Efficiency analysis) ALei Industries has credit sales of $145million a year. ? ALei's management reviewed its credit policy anddecided that it wants to maintain an average collection period of40 days.a. What is the maximum level of accounts receivable that ALeican carry and have a 40?-day average collection? period?b. If? ALei's current accounts receivable collection period is50 days, how much would it have to reduce its level of accountsreceivable in order to achieve its goal of 40 days?