! This problem comes from the book: financial management 7th edition by Timothy J. Gallagher

19-4. If Fitzgerald in problem 19-3 decides to adopt more stringent credit terms of 2/10, n30, sales are expected to drop by 10 percent, but the following improved payment pattern of its customers is expected 40 percent of customers will pay in 10 days. 58 percent of customers will pay in 30 days. 2 percent of customers will pay in 100 days Calculate the new average collection period (ACP) and accounts receivable (AR) assuming all goods are sold on credit