14. Margetis Ine. carries an average inventory of $1,125,000. Its annual sales are $15 million, its cost of goods sold is s, and its average collection period is twice as long as its inventory conversion period. The firm cycle by 10 75% of annual sale buys on terms of net 30 days, and it pays on time. Its new CFO wants to decrease the cash conversion days, based on a 365-day year. He believes he can reduce the average inventory to $970,890 with no effect on sales By how much must the firm also reduce its accounts receivable to meet its goal in the reduction of the cash conversion cycle? A. $136,986 B. $230,137 C. $205,479 D. $251,027