the new credit manager of Kays Dpartment store plans toliberalize the firms credit policy.The firm currently generatescredit sales of $575,000 annually. te more lenient the creditpolicy is expected to produce credit sales of $750,000. The baddebt losses on additional sales are projected to be 5% despit anyadditional $15,000 collection expenditure.The new manageranticipates production and selling costs other than additional baddebt and collection expenses will remain at the 85% level. The firmis in the 34%tax bracket.if the firm maintains its recievablesturnover 10 times,how much will the recievables balanceincrease,what would be Kays incremental after tax return oninvestment? Assuming additional inventory of $35,000 is required tosupport the additional sales, compute the after tax return oninvestment. Please show work so I will understand better..
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