Philip Incorporated is evaluating credit to a new group of customers. These are customers that were originally considered a higher credit risk. Data relating to these customers is provided below. No other asset build up will be required to service the new customers. $ $ Additional credit sales Likely % of sales uncollectible Additional collection expenses Production and marketing expenses (as a % of sales) Receivables turnover Desired return on investment 250,000 40% 24,000 55% 4x 25% Should Philip Incorporated extend credit to these customers? Show calculations to substantiate your