Fontana Painting Had the Following Data for the Most Recent

question 9

Multiple Choice

Fontana Painting had the following data for the most recent year (in millions) .The new CFO believes that the company could improve its working capital management sufficiently to bring its NWC and CCC up to the benchmark companies' level without affecting either sales or the costs of goods sold.Fontana finances its net working capital with a bank loan at an 8% annual interest rate,and it uses a 365-day year.If these changes had been made,by how much would the firm's pre-tax income have increased?

• A)1,901
• B)2,092
• C)2,301
• D)2,531
• E)2,784

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Definitions:

Assessment Data

Information collected during evaluations, providing evidence of someone's learning progress, abilities, or needs.

Feels Hot

The sensation of experiencing an increase in body temperature or the perception of high environmental temperatures.

Acute Pain

A type of pain that is intense and of short duration, typically signaling tissue damage or other immediate health issues.

Breathing Difficulty

A condition where an individual experiences challenges in taking in air, often feeling short of breath.