After noting that its receivables turnover ratio had declined, Imperative Company decided for the first time in the company's history to sell $460,000 of receivables to a factoring company. The factor charges a factoring fee of 4 percent of the receivables sold. Required: 182. How much cash does Imperative receive on the sale? Calculate the factoring fee. 3. How is the factoring fee reported by Imperative Company? 4. All else equal, how will this affect imperative's recelvables turnover ratio in the future? Complete this question by entering your answers in the tabs below. How much cash does Imperative recelve on the sale? Calculate the factoring fee