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Author Question: Aziz Industries has sales of $200,000 and accounts receivable of $21,000, and it gives its customers ... (Read 97 times)

unreallynx

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on: Aug 7, 2023

Question 1

Arshadi Corp.’s sales last year were $67,000, and its total assets were $31,000. What was Arshadi’s total assets turnover ratio (TATO)?

◦

2.16


◦

2.25


◦

2.30


◦

2.49



Question 2

Aziz Industries has sales of $200,000 and accounts receivable of $21,000, and it gives its customers 30 days to pay. The industry average DSO is 30 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 9% on any cash freed up by this change, how would that affect its net income, assuming other things are held constant?

◦

$392.60


◦

$405.03


◦

$410.55


◦

$429.00

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by unreallynx on Aug 7, 2023

reactx

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Reply #1 on: Aug 7, 2023
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unreallynx

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Reply 2 on: Aug 7, 2023
YES! Correct, THANKS for helping me on my review

Laurenleakan

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Reply 3 on: Yesterday
Wow, this really help

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