Reversing entries are at the end of the period and it is optional (1 pt) a. TRUE FALSE - 23 The following are some ways by which firms can avoid or at least minimize delays in the timing of collections and cash flows. Which is not? po) a. Check Warehousing b. Borrowing c. Wire transfer d. Electronic money transfers -24 The financial statements of EGUL Company showed the following: Total Assets P600.000: Total Liabilities P200.000 and Net Income P60,000. You are to perform the financial ratio analysis, the return on equity is (1 pt) a. 10percent b. 15percent c. 3Opercent d. 7.5percent -25