Your company has credit sales of $4,745,000 and take 30 days to collect. Maddy has developed a strategy to reduce this c
Posted: Sun May 29, 2022 5:01 pm
Your company has credit sales of $4,745,000 and take 30 days to collect. Maddy has developed a strategy to reduce this collection time to 23 days. How much would this system be worth to your company if its cost of borrowing is 5%?