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YOU MUST SHOW ALL WORK TO RECEIVE CREDIT! Packit Corp (Financial Ratios) Assume sales increase by 10% next year, and COGS (cost of goods sold)

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YOU MUST SHOW ALL WORK TO RECEIVE CREDIT! Packit Corp (Financial Ratios) Assume sales increase by 10% next year, and COGS (cost of goods sold) drops to 80% of sales. If Packit reduces its DPO (days payable outstanding) to 22 days, how much funding is used solely to achieve this DPO? 7 " 1 % YOU MUST SHOW ALL WORK TO RECEIVE CREDIT! Packit Corp (Financial Ratios) Assume sales increase by 10% next year, and COGS (cost of goods sold) drops to 80% of sales. If Packit reduces its DPO (days payable outstanding) to 22 days, how much funding is used solely to achieve this DPO? 7 " 1 %

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