QUESTION 10: A company has an average collection period of 21 days. The firms annual credit sales total $23,389,300. Calculate the firms accounts receivable.

		$1,345,686
		$2,012,012
		$1,946,090
		$1,648,567
		none of these

QUESTION 11: A firm has an ROE of 18% and a ROA of 12%. What would the equity multiplier (leverage) be?

		.883
		1.02
		1.5
		20
		none of these