1. A firm has a current ratio of 1.8, a quick ratio of 0.7, and current liabilities of $1,200. What is the value of the

inventory account?

2. West Coast Sports has total sales of $318,000, cost of goods sold of $241,000, and an average receivables

balance of $38,200. How long on average does it take to collect payment from a customer?

3. A firm has a capital intensity ratio of 1.4, a profit margin of 4.2 percent, and a debt-equity ratio of 0.45. What

is the firm