YOUR FIRM HAS $45.0 MILLION INVESTED IN ACCOUNTS RECEIVABLE, WHICH IS 90 DAYS OF NET REVENUES. IF THIS VALUE COULD…

Home>Business & Finance homework help

Your firm has $45.0 million invested in accounts receivable, which is 90 days of net revenues. If this value could be reduced to 50 days, what annual increase in income would your firm realize if the increase in cash could be invested at 7.5 percent?

Thanks for installing the Bottom of every post plugin by Corey Salzano. Contact me if you need custom WordPress plugins or website design.

CategoriesUncategorized