1. CCC currently has sales of $25,000,000 and projects sales of $31,250,000 for next year. The firm's current assets equal $9,000,000 while its fixed assets are $6,000,000. The best estimate is that current assets will rise directly with sales while fixed assets will rise by $500,000. The firm presently has $4,500,000 in accounts payable, $3,200,000 in long-term debt, and $7,300,000 in common equity. All current liabilities are expected to change directly with sales. CCC plans to pay $900,000 in dividends next year and has a 4.0% net profit margin. What are the company's additional funds needed for the next year? (Round your answer to the nearest dollar.)

	$375,000
	$2,400,000
	$1,625,000
	$1,275,000
	$2,750,000

2. Profitability ratios:

	measure the amount of debt the firm uses.
	measure how effectively a firm is managing its assets.
	show the relationship of a firms cash and other current assets to its current liabilities.
	show the combined effects of all areas of the firm on operating results.

3. AAA's inventory turnover ratio is 17.58 based on sales of $22,500,000. The firm's current ratio equals 9.47 with current liabilities equal to $380,000. If the firm's cash and marketable securities equal $672,434, what is the firm's days sales outstanding? (Round your answer to two decimal places.)

	58.38
	47.47
	26.71
	37.62
	24.39