3 Mr. David Lawson, the CFO of Golden Cup plans to increase the company's longterm debt from $4D,[l[l to $B,[l[l by geth'ng a 5year loan from hank of America. a 1What type of financial decisions did MR. David take? h Will this decision result in Golden Cup to he excessively levered if everything else remains unchanged? Show your calculations, lo1owing lm industry average dehequity ratio is 1. {3 Mr. David is planning to use half of the longterm loan proceeds to increase Golden Cup inventory holdings, what type of financial decision is this? If nothing else changes, how would this decision affect Golden Cup liquidity? gesljuo 4 4 Mr. David decision to increase inventory holdings resulted from the consistent pressure of Golden Cup's Board of Directors to increase amount of inventories. Mr. David's own opinion was that Golden cup is holding enough inventory to keep the husiness running without costing the company lots of money on inventory carrying costs. [in the other hand, EDD believes that in such a dynamic industry, holding more inventory is necessary to keep smooth business operations. a How long does it currently take the company to hirnover its inventory