QUESTION 16 If the DSO (ACP) is 24 days and the firm's annual revenue is $35 million, determine the receivables balance. $2.96 million $4.67 million $1.93 million $2.30 million none of these QUESTION 17 If the return on equity is 19.5%, the profit margin is 6.3%, the total asset turnover is 2.3, what is the firm's equity multiplier? 1.35 2.09 1.94 2.22 none of these