4-2 Why would the inventory turnover ratio be more important for someone analyzing a gro- cery store chain than an insurance company?

4-3 Over the past year, M. D. Ryngaert & Co. had an increase in its current ratio and a decline in its total assets turnover ratio. However, the companys sales, cash and equivalents, DSO, and fixed assets turnover ratio remained constant. What balance sheet accounts must have changed to produce the indicated changes?

4-6 If a firms ROE is low and management wants to improve it, explain how using more debt might help.