Mahony Company sells on terms of "net 30." Annual credit sales are
$56.25 million, and its accounts receivable average 10 days overdue.
	a. Determine Mahony Company's investment in receivables.
	b. Suppose that annual credit sales decline by 15% and customers
	delay their payments to an average of 25 days past due. Determine
	the company's new level of receivables investment.
Formula: Investment in receivables = Average daily sales x Average collection period