Taylor inherited 100 acres of land on the death of his father in 2020. A Federal estate tax return was filed and this land was valued in the return at $650,000, its fair market value at the date of the father's death. The father acquired the land in 1974 for $112,000. Prior to his death, he had expended $20,000 on permanent improvements. Taylor's holding period for the land:

Garcia industries has sales of $200,000 and accounts receivable of $18,500, and it gives its customers 25 days to pay. the industry average dso is 27 days, based on a 365-day year. if the company changes its credit and collection policy sufficiently to cause its dso to fall to the industry average, and if it earns 8.0% on any cash freed-up by this change, how would that affect its net income, assuming other things are held constant? a. $241.45b. $254.16c. $267.54d. $281.62e. $296.44