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Practice Test Exam 1

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Piero Bazo CMBA | My BlackboardTab 2 of 4 (active tab) | Support | Portfolios | | 1. 1158 - FIN6406 - Corporate Finance - Sections RXK & RXH & RXI & RXJ & RXL & RXW - Fall 2015

2. Assessments 3. Review Test Submission: Practice Exam I

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1158 - FIN6406 - Corporate Finance - Sections RXK & RXH & RXI & RXJ & RXL & RXW - Fall 2015

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Review Test Submission: Practice Exam I User | Piero Bazo | Course | 1158 - FIN6406 - Corporate Finance - Sections RXK & RXH & RXI & RXJ & RXL & RXW - Fall 2015 | Test | Practice Exam I | Started | 8/24/15 7:09 PM | Submitted | 8/24/15 8:26 PM | Status | Completed | Attempt Score | 85 out of 100 points | Time Elapsed | 1 hour, 16 minutes out of 2 hours | Results Displayed | All Answers, Submitted Answers, Correct Answers, Feedback | * Question 1
5 out of 5 points | | | Garcia Industries has sales of $120,000 and accounts receivable of $18,500, and it gives its customers 25 days to pay. The industry average DSO is 27 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 8.0% on any cash freed-up by this change, how would that affect its net income, assuming other things are held constant? | | | | | Selected Answer: | $769.86 | Answers: | $623.59 | | $762.16 | | $908.44 | | $769.86 | |…...

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