How much additional cash could a firm obtain from its trade credit in 2020 if they can extend its trade credit by an extra 5 days? The firm has trade payables of $50,000 and buys $912,500 in goods from various suppliers.

CASE 2: IMPERIAL ELECTRONICS LTD. Imperial Electronics Ltd, is a publicly owned company with 100,000 common shares outstanding. At the last executive committee meeting, Sandra Redgrave, CEO of the company, informed the board members of the economic slowdown that she anticipated during the next several years. She also told them that several U.S. firms were considering becoming more aggressive in the industry, particularly in the Canadian market. CASE 2: IMPERIAL ELECTRONICS LTD. Imperial Electronics Ltd, is a publicly owned company with 100,000 common shares outstanding. At the last executive committee meeting, Sandra Redgrave, CEO of the company, informed the board members of the economic slowdown that she anticipated during the next several years. She also told them that several U.S. firms were considering becoming more aggressive in the industry, particularly in the Canadian market