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ALei Industries has credit sales of $158 million a year. Alley'smanagement reviewed its credit policy and decided that it wants tomaintain an average collection period of 35 days.A. What is the maximum level of accounts receivable that ALeican carry and have a 35-day average collection period?B. If ALei's current accounts receivable collection period is 60days, how much would it have to reduce its level of accountsreceivable in order to achieve its goal of 35 days?HELP PLEASE.
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