You've been asked to go over the financial statements with your boss, whose bonus is dependent upon her division's performance each quarter (in particular the total sales/revenue) She is recommending that the company relax its' credit guidelines so that more customers can pay later, which will likely lead to an increase in sales and thus, she will get a bigger bonus. You have some misgiving about this based upon your knowledge of accounting and how receivables ties into payables. Please describe the relationship between relaxing credit standards and the collection of those payments as it relates to the YOUR company's ability to make payments in the future. (For example, what might happen to your cash balance 60 days from now if this new standard is adopted.) Explain the connection between the two, and the ratios you will use (along with the impacts) in your answer, to explain why you disagree with the decision to ease credit standards.