Data on Nathan Enterprises for the Most Recent Year AreA) $8,078 B) $8,975 C) $9,973 D) $10,970 E) $12,067

The Answer of Data on Nathan Enterprises for the Most Recent Year AreA) $8,078 B) $8,975 C) $9,973 D) $10,970 E) $12,067

Data on Nathan Enterprises for the Most Recent Year AreA) $8,078 B) $8,975 C) $9,973 D) $10,970 E) $12,067

The Answer of Data on Nathan Enterprises for the Most Recent Year AreA) $8,078 B) $8,975 C) $9,973 D) $10,970 E) $12,067

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Data on Nathan Enterprises for the Most Recent Year Are

Question 30

Multiple Choice

Data on Nathan 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.
$\begin{array}{lr}\text { Sales } & \$ 110,000 \\\text { Accounts receivable } & \$ 16,000 \\\text { Days sales outstanding (DSO) } & 53.09 \\\text { Benchmark days sales outstanding (DSO) } & 20.00\end{array}$

A) $8,078
B) $8,975
C) $9,973
D) $10,970
E) $12,067

Data on Nathan Enterprises for the Most Recent Year Are

Multiple Choice

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