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A company's accounts receivable amounted to 150,000. Its receivable turnover is 10x and inventory is maintained at a level equal to 15 days' sales. The selling price per unit is P100.00 and has a gross profit ratio of 40%. A proposal has been made to change the term credit to n/60 which will result in an increase in sales volume by one-third or by 5,000 units. Under this proposal, bad debt losses are estimated at 1% to 3% of sales but inventory turnover shall remain the same. Current Proposed Increment Sales 15000000 COGS Gross Profit Bad Debts Net Income Increase in AR Current AR Proposed Ar Increase in Inty Current Proposed Increase in Working Capital Rate of Return