Peter, a passionate athlete, uses sports shoes manufactured by friction shoes inc. because of their high quality soles. when friction shoes introduced a new line of shoes, peter could not afford to buy them. nevertheless, he feels that they are the best in the market. in this case, peter belongs to the segment of .global citizensb. global dreamersc. antiglobalsd. global agnostics

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