Chapter 13, Problem 13.5P

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Please show me the correct approach to solving this financial accounting question with proper techniques.

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Pizza Ventures has a net income of $58,200 and total equity of $145,500. What is the ROE? A)38.2% B) 41.5% C)40.0% D) 43.2%

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Armani Textiles has average accounts receivable of $120,000 and annual sales of $960,000. What is the DSO, assuming a 360-day year? A) 38 days B) 42 days C) 45 days D) 36 days

prepare cash budget for the month

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