What is the shadow banking system? a. financial institutions that make loans from funds raised by means other than by accepting deposits. b. a group of several thousand disparate nonbank financial intermediaries. c. nonbank financial institutions that behave like banks in many respects. d. all of the above describe the shadow banking system. e. b and c only?

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