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Question: #1 Your firm reduces its days in receivables from 87 to 67, which generates $3.4 million of new investment funds. Growth rate in new

Question: #1

Your firm reduces its days in receivables from 87 to 67, which generates $3.4 million of new investment funds. Growth rate in new equity will increase because: (please discuss the reason for your choice)

1.Total asset turnover will increase

2.Investment income will increase

3.Both A and B

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