Question $(4)$

Directions: Click the Case Link above and use the information provided in Howard Supply, Inc., Part B$,$ to answer this question:

What effect did the change in inventory days on hand in $20Y3$ have on Howard Supply's financing needs? $($Round your days on hand calculation to two decimal places.$)$

Financing needs increased by approximately $$145,000.$

Financing needs decreased by approximately $$145,000.$

Financing needs increased by approximately $$247,000.$

Financing needs decreased by approximately $$247,000.$

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