1. Why did P&G extend its payment term for suppliers in April 2013 by 30 days? 2. In Exhibit 3, for 2012 P&G's Days Payable Outstanding (DPO) and Adjusted DPO are 69.8 days and 57.1 days respectively (calculate to confirm), and not 45 days as P&G suggested. How might P&G be calculating its DPO so that it results in a DPO of 45 days? Does this calculation make sense? 3. How much will P&G's AP and, consequently, cash increase by extending its payment terms for suppliers by 30 days? Use Adjusted DPO and assume the extension is implemented immediately for all suppliers. What can P&G do with the extra cash (as per the wsj.com article, "P&G, Big Companies Pinch Suppliers on Payments" what is it likely to do?). Google to access the article. As a UW student, you have access to wsj.com 4. How much will Fibria's AR increase (and consequently, its funding needs) if P&G extends the payment terms from 60 to 105 days (as per page 7 of the case)? 5. What are Fibria's options in response to P&G extending the payment terms? Are any of these feasible? On page 5 of the case, it notes, "Suppliers who