1. Based only on the following information for Thrice Corp., did cash go up or down? By how much? Classify each event as a source or use of cash.

Decrease in inventory $430

Decrease in accounts payable 170

Increase in notes payable 610

Increase in accounts receivable 280

2. Aspire Co. has $823,000 in sales. The profit margin is 4.2 percent, and the firm has 7,500 shares of stock outstanding. The market price per share is $16.50. calculate the Price-Earnings ratio.