Transcribed Image Text
(Efficiency analysis) ALei Industries has credit sales of $145million a year. ? ALei's management reviewed its credit policy anddecided that it wants to maintain an average collection period of40 days.a. What is the maximum level of accounts receivable that ALeican carry and have a 40?-day average collection? period?b. If? ALei's current accounts receivable collection period is50 days, how much would it have to reduce its level of accountsreceivable in order to achieve its goal of 40 days?
Other questions asked by students
Q
material science question; Please write down the your observation of tearing a plastic bag in a...
Mechanical Engineering
Q
A pump curve provided by a manufacturer is given by h= 20[1 − (Q/100)2] where h is the head...
Mechanical Engineering
Algebra