Compute the additional profit contribution from sales

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Question - High Fashions Inc. has annual credit sales of 250,000 units with an average collection period of 70 days. The Company has a per-unit variable cost of P20 and per unit sale price of P30. Bad debts are currently at 5% of sales. The firm estimates that a proposed relaxation of credit standards would not affect its 70-day average collection period but would increase bad debts to 7.5% of sales, which would increase to 300,000 units per year. High Fashions requires a 12% return on investment (i.e. cost of tying up funds in accounts receivable)

Required -

1. Compute the AR TO.

2. Compute the average investment in A/R.

3. Compute the cost of marginal bad debts.

4. Compute the additional profit contribution from sales.

Reference no: EM133066497

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