Data on Shick Inc

question 123

Multiple Choice

Data on Shick Inc. for 2011 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.

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

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Definitions:

Organizational Strategy

A plan that outlines how a company intends to achieve its objectives and goals, focusing on the allocation of resources and capabilities to gain a competitive advantage.

Satisfaction with Pay

The level of contentment employees feel about their compensation in relation to their job responsibilities and market standards.

Advancement Opportunities

The avenues available within an organization or field through which professionals can progress in their careers.

Job Performance

The extent to which an employee effectively fulfills the elements contained within their job description, including productivity, efficiency, and quality of work.