Compute the average receivables in terms of "days or receivables'1 (= 365 * average receivables/annual credit sales) The financial data of a firm during the past year is as follows: (all values arc in millions of dollars) Gross income 15 7 Total sales 14.4 Total credit sales 8 6 Net income: 2.6 Cost of goods sold: 6 7 Total assets: 12.1 Average inventor)-: 1.4 Average receivables: 2.2 Consider the Puck and Pawn problem introduced in appendix A There the marginal profits were S2 per hockey stick and $4 per chess set If the marginal profit for hockey stick increases to S3 (all other values remaining the same), what is the new maximum profit that can be generated