Question: Please use the following projections for Top - A 1 Inc.: bullet Total sales of $ 1 4 9 comma 0 0 0 bullet Cost

Please use the following projections for Top-A1 Inc.:
bullet Total sales of $ 149 comma 000
bullet Cost of goods sold equal to 74.8 percent of sales
bullet Total expenses equal to 14.2 percent of sales
bullet Tax rate of 35 percent
bullet Beginning equity of $ 54 comma 700
bullet Beginning inventory of $ 11 comma 800
bullet Age of ending inventory of 58 days
bullet Minimum cash balance of $ 10 comma 900
bullet Accounts receivable of 30 days
bullet Fixed assets of $ 57 comma 000
bullet Accounts payable of 35 days
Assume Top-A1 has a dividend payout of 40 percent.
When total sales are $ 149 comma 000, age of payables is 35days, and long-term debt is $ 25 comma 511, what would be the impact on Top-A1's pro-forma long-term debt if sales were to change to $ 204 comma 000 and the age of payables were to change to 49days?

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