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  3. c) $94,800 d) s138,000 4) 4) if a firm starts the

C) $94,800 D) S138,000 4) 4) If a firm starts the year with receivables of...

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Finance

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C) $94,800 D) S138,000 4) 4) If a firm starts the year with receivables of $80,000 and produces sales for the year of 300,000, what is its average collection period? B) 77.9 days C) 3.75 days. D) 52 days. A) 97.3 days. 5) 5) If ROC is less than a firm's cost of capital, which of the following must be true? A) The firm's ROE is negative. C) The firm's EVA is positive. B) The firm's ROE is equal to zero. D) The firm's EVA is negative. 6) A) insurance companies C) commercial banks B) mutual funds D) public universities 7) Why should financial managers strive to maximize the current value per share of the 7) existing stock? A) Doing so guaranlees the company will grow in size at the maximum possible rate. B) Because they have been hired to represent the interests of the current shareholders. C) Because this will increase the current dividends per share. D) Doing so increases employee salaries B Because managers often recive shares of stock as part of their con of stock as part of their compensation

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