(Efficiency analysis) ALei Industries has credit sales of $150 million a year. ALei's management reviewed its credit policy and decided that it wants to maintain an average collection period of 35 days. a. What is the maximum level of accounts receivable that ALei can carry and have a 35-day average collection period? b. If ALei's current accounts receivable collection period is 60 days, how much would it have to reduce its level of accounts receivable in order to achieve its goal of 35 days? a. What is the maximum level of accounts receivable that ALei can carry and have a 35-day average collection period? The maximum level of accounts receivable will be $ million. (Round to one decimal place.) b. If ALei's current accounts receivable collection period is 60 days, how much would it have to reduce its level of accounts receivable in order to achieve its goal of 35 days? ALei needs to reduce its accounts receivable by $ million. (Round to one decimal place.) (Related to Checkpoint 4.1) (Liquidity analysis) The most recent balance sheet of Raconteurs, Inc., (in millions) is found here: a. Calculate Raconteurs' current ratio and acid-test (quick) ratio. b. Benchmark ratios for the current and acid-test (quick) ratio are 1.46 and 1.24, respectively. What can you say about the liquidity of Raconteur's operations based on these two ratios? a. Calculate Raconteurs' current ratio and acid-test (quick) ratio. Raconteurs' current ratio is (Round to two decimal places.) Raconteurs' acid-test ratio is (Round to two decimal places.) b. Benchmark ratios for the current and acid-test (quick) ratio are 1.46 and 1.24, respectively. What can you say about the liquidity of Raconteur's operations based on these two ratios? (Select all the correct choices from below.) A. Based on its current ratio, Raconteurs, Inc. is slightly more liquid than the peer group since its current ratio is higher. B. Raconteurs' acid-test ratio indicates higher liquidity than its current ratio and Raconteur's acid-test ratio shows higher liquidity when compared against the industry average. C. Raconteurs' acid-test ratio indicates lower liquidity than its current ratio and Raconteur's acid-test ratio shows lower liquidity when compared against the industry average. D. Based on its current ratio, Raconteurs, Inc. is slightly less liquid than the peer group since its current ratio is higher