1. Boat Motors Inc. currently has $1,500,000 in annual credit sales and $300,000 in AR (accounts receivables). The company wants to reduce DSR (Days' Sales in Receivables) to 30 days. If the new policy is adopted, sales will fall by 5%. What will AR equal following the change? Use a 365 day year. a. $117,123 b. $171,428 c. $128,298 d. $152,143 e. $234,654 f. $255,007 2. The TIE ratio is a(n) : a. profitability ratio b. liquidity ratio c. market value ratio d. financial leverage ratio e. asset management ratio