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please help asap with work Question 22 5 pts Seeking Ivy Fertilizer, Inc. Balance Sheet as of December 31, 2018 (in dollars) Cash 350,000 Accounts
please help asap with work
Question 22 5 pts Seeking Ivy Fertilizer, Inc. Balance Sheet as of December 31, 2018 (in dollars) Cash 350,000 Accounts payable 350,000 Accounts receivable 220,000 Notes payable 180,000 Inventories 555,000 Long-term debt 480,000 Fixed assets, net 950,000 Stockholders' equity 1,065,000 Total assets 2,075,000 Total liabilities and equity 2,075,000 Again assume that Seeking Ivy Fertilizer, Inc. (SIF, Inc.) anticipates reaching a sales level of $1,460,000 in one year. Now suppose that SIF, Inc. management feels that the average collection period on its additional sales that is sales over the previous year's sales of $1,200,000 - will be 72 days, instead of the current level. By what dollar amount will this increase in the average collection period increase the financing needed by the company over the next year? Enter your answer to the nearest dollar (i.e., if your answer is five hundred thousand dollars then enter 500000). MacBook Air 80 Q F4 FB F6 F2 F3 F5 F7Step by Step Solution
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