Multiple Choice
Deutsche Bearings has total sales of $9,745,923, inventories of $2,237,435, cash and equivalents of $755,071, and day's sales outstanding of 49 days. If the firm's management wanted its day's sales outstanding (DSO) to be 35 days, by how much will the accounts receivable have to change? Round your final answer to two decimal places.
A) $373,816.23
B) −$373,816.23
C) −$379,008.12
D) $379,008.12
Correct Answer:

Verified
Correct Answer:
Verified
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