Data on Shicksal Inc. for 2021 are shown below,along with the days sales outstanding of thefirms against which it benchmarks. The firm'snew CFO belleves that the company couldreduce its receivables enough to reduce Its DSOto the benchmarks' average. Use a 365-dayyear. (computations can be rounded to two decimalplaces, final answer rounded to nearest peso)SalesP110,000Accounts receivableP16,000Benchmarks' days sales outstanding (DSO)20.00Fill up your answers on the next three questions.The questions for this data set are:• What is the days sales outstanding underthe current level of receivables? (Round finalanswer to two decimal places)• What should be the level of receivables ifthe company followed the benchmarks'DSO? (Computations can be rounded to twodecimal places, final answer rounded to nearestpeso)• If the benchmark's DSO was followedsubsequently, by how much wouldreceivables decline? (Computations can berounded to two decimal places, final answerrounded to nearest peso)

The question is based on the concept of Financial Accounting.

Data on Shicksal Inc. for 2021 are shown below, along with the days sales outstanding of the firms against which It benchmarks. The firm's new CFO belleves that the company could reduce Its receivables enough to reduce Its DSO to the benchmarks' average. Use a 365-day year. (computations can be rounded to two decimal places, final answer rounded to nearest peso) Sales P110000

Data on Shicksal Inc. for 2021 are shown below, along with the days sales outstanding of the firms against which It benchmarks. The firm's new CFO belleves that the company could reduce Its receivables enough to reduce Its DSO to the benchmarks' average. Use a 365-day year. (computations can be rounded to two decimal places, final answer rounded to nearest peso) Sales P110000

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 10EB: Starlight Enterprises has net credit sales for 2019 in the amount of $2,600,325, beginning accounts...

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