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What new level of sales and accounts receivable

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Best Deal Haskell Electronics Inc. currently has $400,000 in receivables, and its days' sales outstanding (DSO) is 40 days. It is considering a more lenient credit policy in an effort to increase sales. Management believes the new policy would increase sales by 20% with an increase in DSO to 50 days. What new level of sales and accounts receivable would result from this change? Assume 365 days per year.

Reference no: EM131877506

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