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. 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

Definitions:

Dropping Out

The act of leaving school, college, or university before completing the course of study.

Low-Income Households

Families or living units earning significantly less income than the average, often leading to limited access to resources and services.

High School Dropouts

Individuals who do not complete their high school education and receive a diploma.

Delinquency

Involvement in minor crimes, especially among young people, characterized by behaviors that violate social norms and laws.