A. Which of the following would explain a company's day sales outstanding ratio falling from 37.3 to 25?

• The company's cost of goods sold has decreased while total sales has remained constant.
• The company's accounts receivable has remained constant while total sales has decreased.
• The company's cost of goods sold has decreased while total sales has increased.
• The company's accounts receivable has decreased while total sales has increased.

B. A potential investor in Cristian's company wants to know how much money was paid in dividends in the last reporting period.

What type of financial statement should he look at?

• Statement of changes in equity
• Income statement
• Cash flow statement
• Balance sheet

C. Which market is intended to benefit from the recent trend of microfinance?

• Corporations
• Impoverished individuals
• Foreign governments
• Venture capitalists