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20) The company's CFO believes that the payables deferral period may easily be stretched to 45 days. Assuming a 360-day year, by how much will

20) The company's CFO believes that the payables deferral period may easily be stretched to 45 days. Assuming a 360-day year, by how much will payables increase or decrease? *

5 points

Payables will increase by $14,835.62

Payables will decrease by $14,835.62

Payables will increase by $15,250

Payables will decrease by $15,250

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