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Lothbrok Industries Ltd. Income Statement (Millions USD) Revenue Cost Of Goods Sold Gross Profit Selling General & Admin Exp. Depreciation & Amort. Operating Income Interest

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Lothbrok Industries Ltd. Income Statement (Millions USD) Revenue Cost Of Goods Sold Gross Profit Selling General & Admin Exp. Depreciation & Amort. Operating Income Interest Expense Earnings Before Tax Income Tax Expense Net Income 2020 270 154 116 74 10 32 16 26 18 B $0.40 Per Share Items EPS Common Shares Outstanding millions Dividends per Share Payout Ratio 36.99 Lothbrok Industries Ltd. 2019 2020 Balance Sheet, (millions USD) ASSETS Cash And Equivalents Accounts Receivable Inventory Prepaid Exp. Total Current Assets Gross Property, Plant & Equipment Accumulated Depreciation Net Property, Plant & Equipment Other Non-operating Assets Total Assets 21 115 4 140 230 (88) 142 50 21 120 4 145 244 (86) 158 52 355 332 26 25 8 27 LIABILITIES Accounts Payable Accrued Exp Short-term Borrowings Other Current Liabilities Total Current Liabilities Long-Term Debt Other Non-Current Liabilities Total Liabilities 71 76 18 165 37 14 77 70 29 176 Total Equity Total Liabilities And Equity 167 332 179 355 Suppose that the firm's management feels that the average collection period on its additional sales--that is, sales over $270 million will be 38 days, instead of the current level. By what amount will the increase in the average collection period increase the financing needed by the firm over the next year

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