Question: on toute Other Chapter 20 Help Save & Ex Check 2 A firm is considering several policy changes to increase sales. It will increase the
on toute Other Chapter 20 Help Save & Ex Check 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 511200. It will offer more liberal sales terms, but this will result in average receivables increasing by $67,400. These actions are expected to increase sales by $812,000 per year, and cost of goods will remain at 80% of sales. Because of the firm's increased purchases for its own production needs, average payables will increase by $36,200. What effect will these changes have on the firm's cash cycie? (Use 365 days in a year. Do not round your intermediate calculations. Round your answer to 2 decimal places) 10 Doints Change in cash bych days How
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