Data on Shick Inc

question 25

Multiple Choice

Data on Shick Inc. for 2012 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. Sales $110,000 Accounts receivable $16,000 Days sales outstanding (DSO) Benchmarks' days sales outstanding (DSO) 20.00

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

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Definitions:

Burnout

A state of physical, emotional, and mental exhaustion caused by prolonged stress, usually from the workplace.

Progressive Muscle Relaxation

A relaxation technique involving tensing and then slowly relaxing each muscle group, to reduce stress and anxiety.

Highly Stressful

Pertaining to situations or conditions that cause a high level of stress or tension.

Post-Traumatic Stress Disorder

A mental health condition triggered by experiencing or witnessing a terrifying event, characterized by flashbacks, nightmares, and severe anxiety.