Leverage results from the use of equity to magnify returns to a firm's owners

Business intelligence will continue to expand as Big Data matures

Indicate whether the statement is true or false

What is the effective cost of credit terms of 3/5 net 45 if the firm stretches the accounts payable to 60 days?

A) 12.9% B) 35.6% C) 39.9% D) 22.4%