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question 9 and 10 please thank you very much Garcia Industries has sales of $167,500 and accounts receivable of $18,500, and it gives its customers
question 9 and 10 please
Garcia Industries has sales of $167,500 and accounts receivable of $18,500, and it gives its customers 25 days to pay. The industry average DSO is 27 days, based on a 365 -day year. If the company changes its credit and collection policy sufficiently to cause its DSO to fall to the industry average, and if it earns 8.0% on any cash freed-up by this change, how would that affect its net income, assuming other things are held constant? Assume all sales to be on credit. Do not round your intermediate calculations. $386.13 $601.18 $488.77 $562.08 $537.64 Zero Corp's total common equity at the end of last year was $370,000 and its net income was $70,000. What was its ROE? 18.92% 18.92% 14.57% 17.41% 15.32% thank you very much
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