Ouyang Inc. had average days of sales outstanding of 13 days in the most recent...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Ouyang Inc. had average days of sales outstanding of 13 days in the most recent fiscal years. Ouyang Inc. wants to improve it to match the industry average of 10 days next year. Sales in the most recent fiscal year were $200 million and the predicted sales of next year is $250 million. To achieve the goal of decreasing the collection period, the change in the average A/R balance that must occur is closest to:
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.