What is the average balance in accounts receivable

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Reference no: EM131407859

Cyber Letter Service's (CLS) days sales outstanding (DSO) currently is 50 days.

(a) If annual sales are $144,000, what is the average balance in accounts receivable?

(b) If CLS can reduce its DSO to 45 days, what impact would this change have on its accounts receivable balance?

Reference no: EM131407859

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