Question 8 3 pts You are on the board of a company and you are reviewing the financial ratios provided by the Chief Financial Officer. Last quarter the receivables turnover was 11 and this quarter it has increased to 13. What should you do? Assume that the CFO made a mistake and ask him/her to be more careful next time. Suggest to the board that the company quit giving credit, since people don't want to pay. Congratulate the Receivables Manager on bringing that number up. Fire the Receivables Manager for letting receivables turnover get out of control. Suggest to the board that they need more collectors to work on the Accounts Receivable. Question 10 3 pts If a company is using only 70% of its capacity and current year sales are $500,000, then the company can grow by $450,000 next year without adding assets. the company can grow to $714,286 without adding assets. O the company cannot grow at all without adding assets. the company can grow to $800,000 next year without adding assets. there is not enough information to compute growth without adding assets. Question 13 3 pts When computing external financing needed, You will construct a current year income statement in order to determine retention ratio. Generally assets will increase proportionate to sales. Total assets must be equal to Total Liabilities plus Total Owner's Equity Both A and C All of the above. Question 15 3 pts For a COMBINED common size and common base year analysis O you divide all items on the balance sheet by total liabilities. O you divide all items on the income statement by net income. O you divide the dollar amounts across, using the base year dollar amount as the denominator. you divide the common size percentages across, using the base year percentage as the denominator. O you divide all items by total owner's equity