31. Financial statement analysis is: I. the process of looking for items that are exceptions to the norm. II. applicable only for internal purposes. III. useful to both creditors and shareholders. IV. useful when forecasting future performance.

	a.	II and IV only
	b.	II, III, and IV only
c.		I and III only
d.		I, II, III, and IV
e		I, III, and IV only

41. Hammurabi Law Services, LLC has sales of $593,000, a profit margin of 7.75 percent, and a capital intensity ratio of 1.03. What is the total asset turnover rate?

40. It takes Pazuzu's Vaccines 90.7 days, on average, to sell its inventory. Costs of goods sold for the year are $3,510,000. What is the average value of the firm's inventory?

39. Urartian Sculpting Inc. has a profit margin of 6.81 percent on sales of $544,000. The firm currently has 37,200 shares of stock outstanding at a market price of $14.61 per share. What is the price-earnings ratio?

38. The Chaldean Riverfood Market has sales of $41,500, current assets of $11,500, net income of $3,300, fixed assets of $14,400, total debt of $11,600, and dividends of $470. What is the sustainable growth rate (in percents)?