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QUESTION THREE: solve the following problems (16 marks) 1) The following data apply to Modern Furniture Co. (million Cash S250 Fixed Assets $500. Sales $3000

QUESTION THREE: solve the following problems (16 marks) 1) The following data apply to Modern Furniture Co. (million Cash S250 Fixed Assets $500. Sales $3000 Net Income $150 Quick ratio 2.5.0X Current ratio 5.0X DSO 35 days ROE 10% ROA 7% Modern Furniture Co. has no preferred stock-only common equity, current liabilities, term debt. - If Modern Furniture Co. could reduce its DSO from 35 days to 20 days while he things constant, how much cash could it generate

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