d$)$ Use the information below to answer the following questions

Credit Sales $=$$$22,450,000$

COGS $=$$$5,150,000$

Page $6$ of $14$

I. How long before the company has to obtain some short$-$term financing?

II$.$ How many days does it take from the time it orders raw materials $($or finished inventory$)$

until it collects on its receivables?d$)$ Use the information below to answer the following questions $(2+3=5$ marks$)$

Credit Sales $=$ $$22,450,000$ COGS $=$ $$5,150,000$

I. How long before the company has to obtain some short$-$term financing?

II$.$ How many days does it take from the time it orders raw materials $($or finished inventory$)$ until it collects on its receivables?