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10. (1 point) A poliey that results in a relatively large arncents of cash, marketable securities, and inventories carried; and a liberal credit policy that
10. (1 point) A poliey that results in a relatively large arncents of cash, marketable securities, and inventories carried; and a liberal credit policy that results in a high level of receivables is called: A. relaxed current asset investment policy B. restricted current atset investmeat policy C. moderate current arset investment policy D. Conservative current asset investment policy. E. All of the answers are comect Vre the following to answer questions 11 and 12 . Ahmad Company has sales of KD15 million per year, all en crodit terms calling for payment within 30 days; and its accounts receivable are KD4 million. CHAPrTER 16 Accounts receivable = Sales per day Length of collection period Receivables =( ADS ) (DSO) 11. (1 point) What is Ahmad's DSO? A. 97.33 days B. 91.62 days C. 89.11 days D. 102.87 days E. 104.50 days 12. (1 point) How much capital would be released if Ahmad could take action that led to on-time payments? A. KD 2,767,123.288 B. KD 2,645,621.989 C. KD 2,124,873.124 D. KD 2,472,981.989 E. KD 2,223,645.121
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