1. The following information relates to Rodeo Corporation.
Current assets $70,000
Current liabilities $52,500
Long-term assets $210,000
Long-term liabilities $140,000
Based on this information, the amount of the current assets financed by the long-term liabilities is:?
a. ?$70,000.
b. ?$52,500.
c. ?$12,500.
d. ?$17,500.
e. ?$102,500.
2. Which of the following will help a firm accelerate the collection of customers' payments and the conversion of those payments into cash??
a. ?Economic order quantity
b. Lockbox arrangement?
c. ?Payables concentration
d. ?Controlled disbursement accounts
e. ?Zero-balance accounts