The tabor sales company had a gross profit margin (gross profits divided by sales) of 30.8 percent and sales of $9.6 million last year. seventy-five percent of the firm's sales are on credit and the remainder are cash sales. tabor's current assets equal $2.6 million, its current liabilities equal $290 comma 000, and it has $96 comma 000 in cash plus marketable securities. a. if tabor's accounts receivable are $562 comma 500, what is its average collection period? b. if tabor reduces its average collection period to 24 days, what will be its new level of accounts receivable? c. tabor's inventory turnover ratio is 9.1 times. what is the level of tabor's inventories?

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Which of the following would indicate an improvement in a company's financial position, holding other things constant? a. the inventory and total assets turnover ratios both decline.b. the debt ratio increases.c. the profit margin declines.d. the times-interest-earned ratio declines.e. the current and quick ratios both increase.

Acontractor was awarded a purchase order for commercial items for $1.5 million under the authority of far subpart 13.5. the purchase order was issued in november 2010 and containedall applicable clauses that were current as of the date of the purchase order. under the purchase order, the contractor is required to comply with a small business subcontracting plan that contains all of the required elements. which of the following is true? a.the contractor must submit a standard form 294, subcontracting report for individual contracts. b.the contractor must submit an individual subcontracting report through the electronic subcontracting reporting system (esrs). c.the contractor may submit either an sf 294 or report its subcontracting through esrs. d.the contractor is not required to submit any subcontracting reports.