• In part a, you should have found that Kaiser’s accounts receivable (AyR) 5 $111.1 mil- lion. If Kaiser could reduce its DSO from 40.55 days to 30.4 days while holding other things constant, how much cash would it generate? If this cash were used to buy back common stock (at book value), thus reducing common equity, how would this affect (1) the ROE, (2) the ROA, and (3) the total debt/total capital ratio