Sway Tailors currently has credit terms of net 30, an average collection period of 29 days, and average receivables of $211,410. The firm estimates that if it offered terms of 2/10, net 30 that 45 percent of its customers would pay on Day 10 with the remainder paying on average in 32 days. How much cash could the company free up from its accounts receivables if it switched its credit policy? Multiple Choice $65,009 $38,762 $58,336 O $64.219

Sway Tallors currently has credit terms of net 30 , an average collection period of 29 days, and average teceivables of $211410. The firm eistimates that if it offered terms of 270 , net 30 that 45 percent of its customers would pay on Day 10 with the remainder paying on average in 32 days. How much cash could the company free up from its accounts recelvables if it switched its credit policy? Multiple Choice $65.009 $38,762 $58,336 $64219