According to a newspaper ad, a company will wait four months to pay its bills. In 2019, they had operating revenues of NOK 43.615 billion. Accounts receivable at the end of the year were NOK 6.078 billion, while at the beginning of the year they were NOK 5.990 billion. a) If we assume that all sales took place on credit, sales are evenly distributed over the year, and that all income is subject to VAT at 25%, what was the average credit period for customers for 2019? b) How much would accounts receivable have increased if the credit period had been increased to four months with effect from 1 January 2019? Assume that sales are the same. c) Accounts payable at the beginning of the year were NOK 4.907 billion, and NOK 5.591 billion at the end of the year. Goods costs were NOK 21.696 billion. Inventories were NOK 5.875 billion at the beginning of the year and NOK 5.868 billion at the end of the year. Assume that all purchases of goods are made on credit, that trade payables are linked to product costs (ie supplies etc. we disregard), and that product costs are subject to VAT at 25%, what was the average credit period from suppliers for 2019? d) How much capital would have been released if the supplier credit period increases to four months with effect from 1 January 2019? Assume that the purchase of goods would be unchanged. e) The starting point was that Orkla will (has decided to) increase the payment time to its suppliers. If this is fine for the suppliers, but it requires that Orkla's customers demand the same, will it be a profitable measure? Answer short! f) As written above, revenues were NOK 43.615 billion and cost of goods NOK 21.696 billion. Other costs, such as salaries, depreciation and miscellaneous costs, amounted to NOK 17.392 billion. How much must sales have increased to finance an increase in working capital of NOK 17 billion? Assume that the sales increase and possibly cost increases in / paid out in cash. g) The operating margin is approx. 10%. How much must sales have increased for this to be 15%?