(6 points) Problem 4 MUST SHOW YOUR WORK A firm with annual…
(6 points) Problem 4 MUST SHOW YOUR WORK A firm with annual revenues of $8,740,000 has a Days Sales Outstanding (DSO) of 30 days. Calculate the change in receivables if the firm’s collections deteriorated to the point that DSO (Days Sales Outstanding) increased to 45 days.
Read Details(8 points) Problem 7 MUST SHOW YOUR WORK Your assistant prov…
(8 points) Problem 7 MUST SHOW YOUR WORK Your assistant provided you with the average and the standard deviation of your company’s daily cash flows which are $3,000 and $14,000 respectively. Your cash and equivalents are $15,000 and an unused line of credit of $12,000. Find λ If you want to achieve a λ of 3 what should be the sum of cash and equivalents unused credit line?
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