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    normaeo8's Avatar
    normaeo8 Posts: 1, Reputation: 1
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    #1

    May 26, 2011, 12:03 PM
    Accounting logistics
    The CFO of PQR Inc. was advised by his credit manager to give better credit terms to new customers to induce sales. The CFO was concerned about the effects of doing the same on the financial statements, such as total assets and return on total assets. What could be the possible effects of following the advice of the credit manager on the financial statement items?
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
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    #2

    May 26, 2011, 01:40 PM
    Gee, I thought homework was over. What do you think is a good answer?
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