Data on Shick Inc.for last year are shown below,along with the days sales outstanding of the firms against which it benchmarks.The firm's new CFO believes that the company could reduce its receivables enough to reduce its DSO to the benchmarks' average.If this were done,by how much would receivables decline? Use a 365-day year.Do not round your intermediate calculations. $$\begin{array} { l r }
\text { Sales } & \$ 111,000 \
\text { Accounts receivable } & \$ 16,000 \
\text { Days Sales Outstanding (DSO) } & 52.61 \
\text { Benchmarks' Days Sales Outstanding (DSO) } & 20.000
\end{array}$$
?
A) $9,124
B) $8,331
C) $12,100
D) $9,918
E) $7,538

Question

Data on Shick Inc.for last year are shown below,along with the days sales outstanding of the firms against which it benchmarks.The firm's new CFO believes that the company could reduce its receivables enough to reduce its DSO to the benchmarks' average.If this were done,by how much would receivables decline? Use a 365-day year.Do not round your intermediate calculations. $$\begin{array} { l r } 
\text { Sales } & \$ 111,000 \
\text { Accounts receivable } & \$ 16,000 \
\text { Days Sales Outstanding (DSO) } & 52.61 \
\text { Benchmarks' Days Sales Outstanding (DSO) } & 20.000
\end{array}$$
?
A) $9,124
B) $8,331
C) $12,100
D) $9,918
E) $7,538

Quizplus · Accepted Answer

The Answer of Data on Shick Inc.for last year are shown below,along with the days sales outstanding of the firms against which it benchmarks.The firm's new CFO believes that the company could reduce its receivables enough to reduce its DSO to the benchmarks' average.If this were done,by how much would receivables decline? Use a 365-day year.Do not round your intermediate calculations. $$\begin{array} { l r } 
\text { Sales } & \$ 111,000 \
\text { Accounts receivable } & \$ 16,000 \
\text { Days Sales Outstanding (DSO) } & 52.61 \
\text { Benchmarks' Days Sales Outstanding (DSO) } & 20.000
\end{array}$$
?
A) $9,124
B) $8,331
C) $12,100
D) $9,918
E) $7,538

Data on Shick Inc ? A) $9,124 B) $8,331 C) $12,100 D) $9,918 E)

Data on Shick Inc ?
A) $9,124
B) $8,331
C) $12,100
D) $9,918
E)