Data on Shick Inc

question 81

Multiple Choice

Data on Shick Inc.for last 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) $9,124
• B) $8,331
• C) $12,100
• D) $9,918
• E) $7,538

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Definitions:

Correlation

A statistical measure that indicates the extent to which two or more variables fluctuate together, showing the strength and direction of a relationship between variables.

Physical Height

The measurement of an individual from the base to the top of their body when standing upright.

Popularity

The state of being widely admired, accepted, or sought after by a large number of people.

Unrepresentative

Describing a sample or subset that does not accurately reflect the characteristics of the larger population from which it's drawn.