Enabled: Final EXAM$28$Lipto Biomedic has credit sales of $$740,000$ yearly with credit terms of net $60$ days, with an average collection period of $75$ days. Lipto does not offer a discount for early payment. $($Use $365$ days in a year.$)$a$-1.$ What is the average receivables balance? $($Do not round intermediate calculations. Round the final answer to nearest whole dollar.$)0117-08$Accounts receivable balance$a$-2.$ What is the receivables turnover? $($Round the final answer to $2$ decimal places.$)$Accounts receivable turnoverb. If Lipto offered a $3$ percent discount for pay!$10$ days and every customer took advantage of the new terms and paid on thetenth day, what would the new average receivab!balance be$?$ Use the full sales of $$740,000$ for your calculation of receivables. $($Donot round intermediate calculations.Round the final answer to nearest whole doller.$)$New receivable balancec$-1.$ If Lipto reduces loss to the firm? $($De be indicated by a minus sign.$)$loans$,$ which cost $8$ percent, by the cash generated from reduced receivables, what will be the net gain or round intermediate calculations. Round the final answer to nearest whole dollar. Negative answers shouldNet changec$-2.$ Should Lipto Biomedic offer the discount?