Your firm reduces its days in receivables from 87 to 67, Financial Management

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Your firm reduces its days in receivables from 87 to 67

Your firm reduces its days in receivables from 87 to 67, which generates $3.4 million of new investment funds. Growth rate in new equity will increase because: (please discuss the reason for your choice)

1. Total asset turnover will increase

2. Investment income will increase

3. Both A and B

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Financial Management: Your firm reduces its days in receivables from 87 to 67

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Financial Management: Your firm reduces its days in receivables from 87 to 67

Reference No:- TGS01706618

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