Margetis Inc, carries an average inventory of $750,000. Tu mual sales are $10 million, it of 75% of annual sales, and its receivables collection period is twice as long as its inventory convention period. The firm buys on terms of net 30 days, and it pays on time. Its now CFO wants to decrease the cash conversion wyday 6 days, based on a 365-day year. He believes he can reduce the average inventory to 5635A50 with no effect on sales. By how much must the firm also reduce its accounts receivable to meet its goal in the relection of the conversion cycle? Do not round your intermediate calculations O $13,980 0 $13,398 O $11,767 O $11,650 O $11,417