Select the correct statement from the following: Select one: a. Profit margin reflects a company's ability to produce net sales from total assets. b. Total asset turnover reflects the percent of net income in each dollar of net sales. c. Return on total assets can be separated into the gross margin ratio and debt ratio. d. A high return on total assets is desirable. e. Analysis of return on total assets is not beneficial in evaluating profitability.

Faldo corp sells on terms that allow customers 45 days to pay for merchandise. its sales last year were $325,000, and its year-end receivables were $60,000. if its dso is less than the 45-day credit period, then customers are paying on time. otherwise, they are paying late. by how much are customers paying early or late? base your answer on this equation: dso - credit period = days early or late, and use a 365-day year when calculating the dso. a positive answer indicates late payments, while a negative answer indicates early payments.a. 21.27b. 22.38c. 23.50d. 24.68e. 25.91b