1. The Awesome Fun Conglomerate has earnings before interest and taxes (EBIT) of $58,218 and net income (NI) of $4,042. The tax rate is 24 percent. What is the times interest earned ratio? A. 0.08 B. 1.10 C. 8.90 D. 2.49 E. 1.26

2. Global Logistics has sales of $783,200, cost of goods sold of $312,900, and inventory of $174,315. What is the inventory turnover rate? A. 17.37 times B. .9 times C. 2.71 times D. 3.4 times E. 1.79 times

3. Global Logistics has sales of $783,200, cost of goods sold of $312,900, and inventory of $174,315. How long on average does it take Global Logistics to sell its inventory? A. 203 days B. 89 days C. 725 days D. 37 days E. 25 days