A $10,621

B. $110,273

C. $87,043

D. 9,270

ASSETS CASH ACCOUNTS RECEIVABLE INVENTORIES CURRENT ASSETS GROSS PLANT AND EQUIPMENT LESS: ACCUMULATED DEPRECIATION NET FIXED ASSETS 2019 2018 29,612 25,000 120,000 100,000 140,000 125,000 289,612 250,000 400,000 350,000 130,000 100,000 270,000 250,000 559,612 500,000 TOTAL ASSETS LIABILITIES AND EQUITY ACCOUNTS PAYABLE ACCRURALS NOTES PAYABLE CURRENT LAIBILITIES LONG TERM DEBT TOTAL LIABILITIES COMMON STOCK ($1.00 par) RETAINED EARNINGS TOTAL OWNER'S EQUITY TOTAL LIABILITIES AND EQUITY 89,700 34,500 36,800 161,000 150,000 311,000 150,000 98,612 248,612 559,612 78,000 30,000 34,000 142,000 140,000 282,000 150,000 68,000 218,000 500,000 INCOME STATEMENT 2018 NET REVENUES & SALES 700,000 COST OF GOODS SOLD GROSS PROFIT FIXED OPERATING EXPENSES (pre dep) DEPRECIATION EXPENSE OPERATING INCOME (EBIT) INTEREST INCOME BEFORE TAXES (EBT) INCOME TAXES (40%) NET INCOME Retained Earnings DIV SHARES OUTSTANDING DIV Payout (per share)$$$ DIV payout ratio = 60% (plow back ratio = 40%) 2019 805,000 517,500 287,500 173,650 30,000 143,650 16,100 127,550 51,020 76,530 30,612 45,918 50,000 0.91836 450,000 250,000 151,000 25,000 126,000 14,000 112,000 44,800 67,200 26,880 40,320 50,000 0.8064 If this company is able to reduce its average collection period (DSO) to 50 Days, how much could it lower its receivables and increase its cash