Problem 9-15 A firm has no cash sales (all sales are on credit and are collected 30 days after the sale). If the receivables are $189,000, what is the level of sales? Assume there are 365 days in a year. Round your answer to the nearest dollar. $ Problem 9-17 You prefer to extend credit on the assumption that you will be paid in full within 24 days of the sales. Firm X has average inventory of $580,000 with all cash sales (no credit sales) of $4,700,000. If you extend credit to this firm, can you expect to be paid on time? Assume 365 days in a year. Round your answer to the nearest whole number. The inventory turnover is days, therefore, you -Select- expect to be paid in 24 days