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Maya Inc. for 2008 are shown below, along with the average payment period (APP) for the firms against which it benchmarks. The firm's new CFO
Maya Inc. for 2008 are shown below, along with the average payment period (APP) for the firms against which it benchmarks. The firm's new CFO believes that the company could delay payments enough to increase its APP to the benchmarks' average. If this were done, by how much would payables increase?
Net purchases 75,000,000
Payables 5,000,000
Average payment period ( APP) 25 days
Bnechmark average period 30 days
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