1. Balance Sheet Current assets Cash 1,100,000 Acc receivable not given Inventories 1,390,000 Fixed assets 4,160,000 TOTAL ASSETS 7,300,000 Current liabilities Acc payable not given Long-term debt 2,200,000 Common stock 800,000 Retained earnings 3,100,000 TOTAL LIAB and EQUITY 7,300,000 Income Statement Sales 14,600,000 Operating expense 12,410,000 EBIT 2,190,000 Interest expense 242,000 EBT 1,948,000 Taxes 779,000 Net income 1,169,000 What is the firm's debt ratio?

	89.04%
	30.14%
	53.42%
	83.56%
	46.58%

2. AAA's inventory turnover ratio is 13.27 based on sales of $14,200,000. The firm's current ratio equals 3.97 with current liabilities equal to $860,000. What is the firm's quick ratio? (Round your answer to two decimal places.)

	3.97
	2.73
	3.45
	1.55
	4.90

3. Russell Securities has $239 million in total assets and its corporate tax rate is 40%. The company recently reported that its basic earning power (BEP) ratio was 40% and its return on assets (ROA) was 14%. What was the company's interest expense? (Answers are in millions.)

	$22.31
	$62.14
	$95.60
	$143.40
	$39.83