Directions: Click the Case Link above and use the information provided in Revolutionary Designs, Inc., Part B$,$ to answer this question:

What effect did the change in the collection period $($accounts receivable days on hand$)$ during $20$Y$3$ have on Revolutionary Designs' financing needs? $($Round your days on hand calculation to two decimal places.$)$

Financing needs increased by approximately $$132,000.$

Financing needs increased by approximately $$220,000.$

Financing needs increased by approximately $$291,000.$

Financing needs increased by approximately $$352,000.$