1. Sports Apparel Co has sales of $538,800, cost of goods sold of $598,200, and accounts receivable of $186,700. How long on average does it take the firm's customers to pay for their purchases? Assume a 365-day year. A. 126.47 days B. 111.82 days C. 28.12 days D. 142.38 days E. 40.37 days

2. Klingon Starship Ltd Inn has annual sales of $237,000. Earnings before interest and taxes (EBIT) is equal to 8.8 percent of sales. For the period, the firm paid $14,700 in interest. What is the profit (NI) margin if the tax rate is 24 percent? A. -7.83 percent B. 0.56 percent C. 2.38 percent D. -3.69 percent E. 1.97 percent

3. Center Corp has total equity of $1,948,300, sales of $1.23 million, and a profit margin of 8 percent. What is the return on equity (ROA)? A. 5.05 percent B. 3.95 percent C. 9.86 percent D. 4.82 percent E. 1.79 percent