An increase in the average collection period will result in in the operating cycle. an undetermined change a decrease an increase no change ABC Company Limited has non-current assets $75,000, total assets $105,000, non-current liabilities $35,000, and shareholders' equity 45,000. What is the firm's current ratio? 0.3750 1.2000 2.5000 0.2857 ABC Company Limited sells on terms of 3/10, n/30. Sales for the year are $1,200,000 and the collections department estimates that 30 percent of customers pay on the tenth day and take discounts; 40 percent pay on the thirtieth days; and the remaining 30 percent pay, on average, 40 days after the purchase (assume a 360 day-year).What would be the new accounts receivable balance if the firm toughened up on its collection policy, with the result that all nondiscount customers paid on the thirties day? $90,000 $80,000 $70,000 $60,000