Principle of Finance January 2020 BFN1024 Question 1 (15 MARKS) a) Vaganza Corporation has a current accounts receivable balance of RM340,648. Credit sales for the year just ended were RM5,500,222. How long did it take on average for credit customers to pay off their accounts during the past year? (4 marks) b) Use the following financial information to calculate the DuPont Identity. Accounts RM Sales 186,570 15,600 4,800 Cost of goods sold Taxes Net Income 35,051 Total asset 96,119 Total Liabilities 21,299 74,820 Total Equity (6 marks) c) What is agency problem and identify means by which the firm can help reduce or eliminate that