Data on Nathan Enterprises for the Most Recent Year Are

question 38

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.

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

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Definitions:

Scientific Method

A systematic process for carrying out research and experimentation, involving observation, hypothesis formulation, experimentation, and conclusion.

Taxonomy

Naming and classifying species in a systematic way.

Differentiation

The process by which unspecialized cells become specialized into one of the many cell types that make up an organism.