Question: For 2 0 2 3 , Grace Enterprises reported sales of $ 2 , 7 0 0 , 0 0 0 , cost of goods

For 2023, Grace Enterprises reported sales of $2,700,000, cost of goods sold of $1,900,000, and its A/R days on hand were 37 days for the year, increasing from 43 days last year. Calculate the cash impact of the change in A/R collection from 2022 to 2023, including a (-) sign if the change is a negative impact to cash.

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