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Krueger Industrial Smoothing expects annual sales of $2,850,000. How much will they increase their average accounts receivable balance if they relax their credit standards causing

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Krueger Industrial Smoothing expects annual sales of $2,850,000. How much will they increase their average accounts receivable balance if they relax their credit standards causing their Days Sales in Receivables to increase from 17 to 25 days? a. $ 62,466 b. $ 70,822 c. $ 57,945 d. $ 85,890 If a firm has net income of $85,000, a return on assets of 3% and a return on equity of 18%, what is the firm's debt to equity ratio? a. 5.0 b. 1.5 c. 2.0 d. 6.0 e. 4.0

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