Case Link Question (1) Directions: Click the Case Link above and use the information provided in Howard Supply, Inc., Part B, to answer this question: What effect did the change in the holding period (inventory days on hand) during 20Y3 have on Howard Supply's financing needs? (Round your days on hand calculation to two decimal places.) Financing needs increased by approximately $145,000. Financing needs decreased by approximately $145,000. Financing needs increased by approximately $247,000. Financing needs decreased by approximately $247,000.

Directions Click the Case Link showe and we thet information providod in Howard Supply inc, Part B, to answer thin quespon calculabion to two decimal places? Financing: needs increased ty approsinutely $7,45,000 Financine peeds decreakes by aporoximately $145000 Finaticing noeds increased by approasmutely $247,000 Financing reeds decreased ty approxututely $2,57,000 Howard Supply, Inc. Income Statements - Po 2000 . Yens finded Denconter 31 Company Information crompany veli nasty all the materials and tools that plumbing, IIVMC, and rooting companies nced. and Walter Il loward, and has been in boviness for over 25 years. Mowand Supply's matin offece and warehouse tre katod in a mid-sined city. The company also has branch sales offices in thece ocarby communitics: from a cooperaine purchaing organivasion owned by building wholevaler. storea. conericton and eren help them propare bidi and loy out pobs. Alnout all of this work produces from plumbing, and the nomainder are feom mofing and other prostact lines. Howad Sopply, Inc, has bees a custnmer of your ogganiration for just over wo yean. You hive Howard Supply, Inc. Part B Howard Supply, Inc. Balance sidets in 3006si. As at Decomber 3t: nowa nowa riaed mante Net have maets 710 765 875 40 2.059 Other neecerrent naste votil assers Howard Supply. Inc: Montry Sales Howard Supply, Inc