Pat is the CFO of Perez Birdies Inc. Pat has determined that PBI has an average collection period is 36 days and that the balance of accounts receivable at year-end is $60,000. PBI's receivables turnover is 10x. Pat has been asked what are the annual sales? Select one: O A $600,000 O B. $6,000,000 O C. $24,000,000 O D. none of these are correct In examining the liquidity ratios, the primary emphasis is the firm's Select one: O A ability to effectively employ its resources. O B. overall debt position O C. ability to pay short-term obligations on time. O D. ability to earn an adequate return. Which of the following is not considered to be a profitability ratio? Select one O A. profit margin OB. times interest earned O Creturn on equity O D. return on assets (investment) All else equal, a company experiencing an increase in its average collection period indicates that it is: Select one: O A. Likely to be generating more sales revenue O B. Experiencing a decrease in its accounts receivable O C. Less efficient in collecting its accounts receivable OD. Increasing its amount of retained earnings