Data on Shick Inc

question 56

Multiple Choice

Data 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.

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

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Definitions:

Ontologies

In philosophy, it refers to the study of being and existence, including the categorization of entities and their relationships within a hierarchy.

Pre-Socratics

Early Greek philosophers before Socrates, who primarily focused on cosmology, the nature of the universe and the origin of life.

Basic Reality

The fundamental, underlying nature of existence or the universe, often discussed in metaphysical contexts.

Social World

A concept referring to the realm of human interactions and relationships, shaped by social structures, institutions, and cultural dynamics.