Your boss has asked you to take a closer look at yourcompany's credit policies. You have been given the following information:

Accounts receivable balance: Average daily sales: Weighted
average cost of capital: $660,000 $13,450 9% $265,974

Your firm's DSO is 49.07 days $379,963 $417,959 Your boss is unhappy with your $398,961 DSO and wants to bring it down to the industry average of 25 days. The marketing department told you that they to grow by 13%next year. This means that your company can expect to have an accounts receivable balance of next year.