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Charm
Charm, CPA
Category: Single Problem
Satisfied Customers: 4
Experience:  Auditor at BIG 4 Firm
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1. Your firm has $45.0 million invested in accounts receivable, which

Customer Question

1. Your firm has $45.0 million invested in accounts receivable, which is 90 days of net revenues. If this value could be reduced to 50 days, what annual increase in income would your firm realize if the increase in cash could be invested at 7.5 percent?
Submitted: 1 year ago.
Category: Single Problem
Expert:  linda_us replied 1 year ago.
Download your solution from the following link
https://app.box.com/s/lnaij5p9433frbqnqaoeq0zlp1ezcl1r
Expert:  Charm replied 1 year ago.
$1,500,000

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