Question: Chapter 20 Pre-Built Problems Seved 2 A firm is considering several policy changes to increase sales. It will increase the variety of goods it keeps

 Chapter 20 Pre-Built Problems Seved 2 A firm is considering several

Chapter 20 Pre-Built Problems Seved 2 A firm is considering several policy changes to increase sales. It will increase the variety of goods it keeps in inventory, but this will increase inventory by $11,100. It will offer more liberal sales terms, but this will result in average receivables increasing by $67,200. These actions are expected to increase sales by $811,000 per year, and cost of goods will remain at 70% of sales. Because of the firm's increased purchases for its own production needs, average payables will increase by $36,100. What effect will these changes have on the fim's cash cycle? (Use 365 days in a year. Do not round your intermediate calculations. Round your answer to 2 decimal places.) 10 points Change in cash cycle days Book Pent References

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