Author Question: Aziz Industries has sales of $200,000 and accounts receivable of $21,000, and it gives its customers ... (Read 77 times)

unreallynx · **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)?

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2.16

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2.25

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2.30

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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?

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$392.60

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$405.03

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$410.55

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$429.00

reactx · **Reply #1 on:** Aug 7, 2023

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