> Question 17 4 pts Given an accounts receivable balance of $400,000 and annual sales of $3,200,000, the average collection period (or days sales outstanding) is 45.63 days 36.50 days Question 18 4 pts During the past year the growth corporation increased its sales from $1,000,000 to $2,000,000 and its EBIT from $250,000 to $400,000. The firm finances the growth in sales by issuing new common stock. The result of this growth will be O a lower operating profit margin and lower net income. O a higher P/E ratio. O a lower operating profit margin and higher net income. O a higher operating profit margin and higher net income. O 28.25 days 90.0 days