Metlock, Inc.'s trial balance reported the following balances at the end of its first year: Cash $12600 Prepaid insurance 630 Accounts receivable 3150 Accounts payable 2520 Notes payable 3780 Common stock 4860 Dividends 630 Revenues 26100 Expenses 15750 What amount did Metlock, Inc.'s trial balance show as total credits

Garcia industries has sales of $200,000 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? a. $241.45b. $254.16c. $267.54d. $281.62e. $296.44