1. Seattle lighting company has an equity multiplier of 3.2. The company's assets are financed with some combination of long-term debt and common equity. What is the company's debt ratio? 2. Seattle lighting company has an EPS of $1.50, a cash flow per share of $3.00 and a price/cash flow ratio of 8.0 times. What is its P/E ratio?

3. Drumheller van repairs has sales of $3,500,00 and cost of goods sold of $2,800,000. The company believes it is possible to delay payment by 6 days. Will the company's accounts payable increase or decrease, and by how much if it takes on average 6 days longer to pay its bills?