10. RedCap Manufacturing Ine is planning to borrow money by taking out a short term loan the increase notes payable) and depositing this money directly into the firm's checking account (ie increase cash RedCap believes that this event will have no affect on either sales or costs, and therefore no affect on net income. All else constant this new policy should cause the firm's quick ratie (assuming an initial quick ratio of 15) a Decrease b. Increase c. No Change d. Not enough information is provided to answer this question 11. BlueHat Inc. is planning to use excess cash that the company has in its checking account i.e., reduce cash) to pay off a long term loan balance. (i.e., decrease long-term debt). BlueHat believes that this event will have no affect on either sales or costs, and therefore no affect on net income All else constant, this new policy should cause the firm's debt ratio (assuming an initial debt ratio of 45%) to: a. Decrease b. Increase c. No Change d. Not enough information is provided to answer this question 12. GreenChapeau, Inc. is planning to increase its short-term loans (i.e., increase notes payable) to pay for an increase in the firm's basic inventory level (ie, increase inventory). GreenChapeau believes that this event will have no affect on either sales or costs, and therefore no affect on net income. All else constant, this new policy should cause the firm's current ratio (assuming a current ratio of 1.5) to a. Decrease b. Increase c. No Change d. Not enough information is provided to answer this question NOTE: All of the following questions are open-ended problems. You must compute an answer for every problem Make sure to not include symbols (i.e., S or %) or commas () when entering your answers on College Unless otherwise instructed in the specific question, for percentage answers, calculate your answer as a percent rounded to 2 decimal places. For example, you would record ROA.1263974 as 12.64% (note that on iCollege NOM will enter 12.64 without the percent sign). For dollar answers, round to the nearest dollar fie, sero decimal places). For example, you would record S/2.345.839-3 as $12,346 remember, on OR iCollege you will enter 12346 without a comma and without the dollar sign). 13. In 2019, Felton Farm Supplies, Inc. had ROA (return on assets) of 15 percent, total assets of $12,000,000 and a net profit margin of 4.75 percent. Based on the information, what was Felton Farm Supplies total asset turnover ratio in 2019? ((Enter your answer as a ratio rounded to 2 decimal places that is, do not convert to a percent; for example, enter 80/35 = 2.2857 as 2.29). 14. Krisle and Kringle's debt-to-total assets ratio is 0.835 (i.e., debt ratio = 83.5%). What is the company's det to-equity ratio? (Enter your answer as a ratio rounded to 2 decimal places that is, do not convert to a perce for example, enter 80/35 = 2.2857 as 2.29). 15. Philips, Inc has a debt ratio of 27.5% and ROE - 13.3%. What is Phillips' ROA? (Enter answer as a peror