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(Efficiency analysis) Alel Industries has credit sales of $145 milion a year. Alors management reviewed...

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(Efficiency analysis) Alel Industries has credit sales of $145 milion a year. Alors management reviewed its credit policy and decided that it wants to maintain an average collection period of 35 days a. What is the maximum level of accounts receivable that All can carry and have a 35-day average collection period? b. If Ale's current accounts receivable collection period is 60 days, how much would it have to reduce its level of accounts receivable in order to achieve its goal of 35 daya? GUD 2. What is the maximum level of accounts receivable that Alel can carry and have a 35-day average collection period? The maximum level of accounts receivable wil be $ million (Round to one decimal place.) b. If Ale's current accounts receivable collection period is 60 days, how much would it have to reduce its level of accounts receivable in order to achieve its goal of 35 days? ALei needs to reduce its accounts receivabie by $million (Round to one decimal place)

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