As treasurer of the Universal Bed Corporation, Aristotie Procrustes is worried about his bad debt ratio, which is currently running at 6.9\%. He believes that imposing a more stringent credit policy might reduce sales by 5% and reduce the bad debt ratio to 4.9%. Assume current sales are $100. 0. If the cost of goods sold is 719 of the selling price, what is the expected profit on the current credit policy? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b. If the cost of goods sold is 7196 of the selling price, what is the expected profit on the more stringent credit policy? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. c. Shouid Mr. Procrustes adopt the more stringent polloy