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Data on Huizenga Enterprises for the most recent year are shown below, along with the days...

Data on Huizenga Enterprises for the most recent 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. Enter your answer rounded to two decimal places. Do not enter $ or comma in the answer box. For example, if your answer is $12,300.456 then enter as 12300.46 in the answer box.

Sales    $150,000

Accounts receivable    $23,000

Days sales outstanding (DSO)            55.97

Benchmark days sales outstanding (DSO)     30.00

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Answer #1

Ars Sules = 150000 Account receivable = 23000 Doy sales outstanding DSO = 55.97 day Bench mark day saly outstanding (Dso ) =

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