The cash flow statement is an alternative term for the balance sheet

Which of the following is NOT true of ANOVA?

A) The use of the word variance in the name "analysis of variance" is misleading. B) The standard deviations are taken into consideration. C) Fundamentally, ANOVA (analysis of variance) is an investigation of the differences between the group averages to determine whether sampling errors or true population differences explain their failure to be equal. D) ANOVA is an analysis of the standard deviations of the groups. E) When a researcher wants to compare the averages of several different groups, ANOVA should be used to accomplish such multiple comparisons.

S.M., Inc. had total sales of $400,000 in 2014 (70 percent of its sales are credit). The company's gross profit margin is 10%, its ending inventory is $80,000, and its accounts receivable is $25,000

What amount of funds can be generated by the company if it increases its inventory turnover ratio to 10.0 and reduces its average collection period to 20 days?