Correct - aged receivables stay but at least 50 -6
Post# of 40989
(Total Views: 166)
Posted On: 09/10/2018 1:07:58 PM
Correct - aged receivables stay but at least 50 -60% are able to be factored. THAT IS A LOT OF CASH TO LEAVE ON THE BS. DSO is high and it won't get much better unless he either hires someone to chase them or goes the CIA route - most dealers are not willing to give up their cash before they have to.
Steve needs to focus on sales and marketing - he either gets someone to do AR or he goes a non-traditional route - again JMO.
Steve needs to focus on sales and marketing - he either gets someone to do AR or he goes a non-traditional route - again JMO.
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