1. The return on equity is always less than the return on assets. True or False?

2. If Microcharge's customers take on average 70 days to pay their bills. What is its receivables turnover? Assume a 365-day year.(Round your answer to 3 decimal places.)

3. Airlux Antarctica has current assets of $410 million, current liabilities of $310 million and a cash ratio of 0.16. How much cash and marketable securities does it hold?(Enter your answer in millions rounded to 1 decimal place.)