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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 107 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

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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
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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unreallynx

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Reply 2 on: Aug 7, 2023
Wow, this really help

essyface1

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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