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

question 70

Multiple Choice

on Shick Inc.for 2008 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.
$$\begin{array}{l}\text { Project Data }\\\begin{array} { | l | r | } \hline \text { Sales } & \$ 110,000 \\\hline \text { Accounts receivable } & \$ 16,000 \\\hline \text { Days sales outstanding (DSO) } & 53.09 \\\hline \text { Benchmark days sales outstanding (DSO) } & 20.00 \\\hline\end{array}\end{array}$$

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

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