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Junior equuity analyst

The company is considering two different approaches to receivables management:
Period of credit allowed – days of receivables                                      Yearly revenue
                                    10                                       |                                 7000
                                    20                                       |                                15000

In both cases the company’s gross margin is expected at 12%, and the cost of debt necessary to
finance receivables is 13%.
 what’s the difference (in terms of profit before tax) between the two choices?

Avg. receivables is 192 (7000*10/365)  in the 1st scenario and 821 in the 2nd scenario. Annual interest expense is = receivables * cost of financing. 

Sale
7000
15000

GP
840
1800

Interest
25
107

PBT
815
1693

Thank you SO MUCH!!!