If accounts receivable stays the same, and credit sales go up a. the average collection period will go down and accounts receivable turnover will increase b. the average collection period will go up. c. accounts receivable turnover will decrease. d. the average collection period will go down A higher P/E or M/B ratio typically indicates that a. A firm asset management is not efficient. b. A firm is expected to grow slower in the future. c. A firm has a higher level of risk. d. A firm is expected to grow fast in the future. If a firm increases debt financing and reduces equity financing, typically a. its equity multiplier will decrease, and its ROE will increase. b.its equity multiplier will decrease, and its ROE will decrease. c. its equity multiplier will increase, and its ROE will decrease. d.its equity multiplier will increase, and its ROE will increase