At sam’s swimming pool cleaning, sam charges each of his 85 customers $25 per week for 52 weeks of service every year. since pool cleaning is a service, it has no cost other than labor and supplies, which cost sam $48,000 each year. calculate sam’s annual net income.

Afirm wants to strengthen its financial position. which of the following actions would increase its current ratio? a. reduce the company's days' sales outstanding to the industry average and use the resulting cash savings to purchase plant and equipment. b. use cash to repurchase some of the company's own stock. c. borrow using short-term debt and use the proceeds to repay debt that has a maturity of more than one year. d. issue new stock, then use some of the proceeds to purchase additional inventory and hold the remainder as cash. e. use cash to increase inventory holdings.