Maddox Resources has credit sales of $193,000 yearly with aredit terms of net 30 days, which is also the average collection period, Maddox does not offer a discount for early payment, so its customers take the full 30 days to pay (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) Accounts receivable balance s I a-2. What is the receivables turnover? Round the final answer to 2 decimal places.) Receivables turnover in 10 days and every oustomer took advantage of Maddox offered a 3 percent discount for payment the new terms, what would the new average receivables balance be? Use the ul sales of S193,000 for receivables (Do not round intermediate calculations. Round the final answer to nearest whole dollar.) New receivable balance Maddox reduces its bank loans, which oost 13 percent by the cash generated from reduced receivables, what will be the net gain or loss to the frm? Use the ful sales of S193 000 for your receivables (Negative answers should be indicated by a minus sign. Do not round intermediate calculations. Round the final answer to nearest whole dollar) Net Change ea. Should Maddox Resources omer the discount? d-1. Assumo the new trade torms of 310, net 30 will increase sales by 21 percont because the discount Maddox earns 15 poroent or sales bofore discour the Net change income? (Do not round intermediate calculations. Round the final answ or to nearest whole dollar) d 2 Should Maddox Resources offer the discourt