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This company seels about $45 million an year on credit. Good credit and colletions

This company seels about $45 million an year on credit. Good credit and colletions

This company seels about $45 million an year on credit. Good credit and colletions performance is the industry result in a 35 days ACP. What is the maximum
receivable balance can tolerate and still receive a good rating with respect to credit and collection? Write the equation defining ACP, treat the A/R balance as
the unknown and substitute given values and solve. Also, if this company is collecting on a average receivable in 40 dyas, by how much will have lower the
receivable balance to achieve a good rating? Please help me…

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