Management wants to tighten credit policy to change the coll…
Management wants to tighten credit policy to change the collection period to [avgcol] days. If they achieve this goal while maintaining the same level of sales, how much will the cash change for the company? In other words, how many dollars from A/R should be paid back sooner or later from customers? Net Income [ni],000 Interest [int],000 Cost of Goods Sold [cogs],000 Total Assets [ta],000 Depreciation [depr],000 Tax Rate [tx]% Cash [cash],000 Sales (all on credit) [sales],000 Accounts Receivable [ar],000 Round final answer to the nearest dollar.
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