Will Cora be happy with the direction that the current ratio has gone since 2014? Why or why not? Effective January 1, 2015, Cora initiated a new collection period of 90 days same as cash. She wants her collection period to reflect the industry averages? Will Cora be pleased with the 2015 results of her new policy? Explain. Last week at the stockholders meeting, they discussed the return on common equity. Do you think the stockholders were pleased with the results? Why or why not? Would you recommend Coras Candy Emporium board of directors authorized a dividend on the common stock this year? Why or why not?

Industry 2014 ofm Acid test ratio- 136.88 33.3% Average collection pd- Total asset turnover = Return on common equity Operating return on assets- 10.4%