Question 11: The future value of a sum will increase if: (1 Point) The period of time decreases and the interest rate decreases. The period of time increases and the interest rate increases. The period of time increases and the interest rate decreases. The period of time decreases and the interest rate increases. Believe in yourself! Question 12: Assume a firm has a receivable turnover of 5. This means that: (1 Point) It takes the firm 5 days to pay its creditors. It takes the firm 75 days to sell its inventory and pay its suppliers. The firm has 5 times more in accounts receivable than it does in cash. It takes the firm 5 days to collect payment from its customers. The firm has an average collection period of 75 days. Question 13: debt A firm needing to borrow funds would have the best chance of borrowing, if it has a ratio and a times interest earned ratio. (1 Point) Low, low Low, high High; high High; low Relax