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5. A firm has total debt of $5,000 and a debt-equity ratio of .25. What is the value of the total assets? a. $10,000 b.

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5. A firm has total debt of $5,000 and a debt-equity ratio of .25. What is the value of the total assets? a. $10,000 b. $15,000 c. $20,000 d. $25,000 6. The Up-Towner has sales of $900,000, costs of goods sold of $500,000, inventory of $125,000, and accounts receivable of $70,000. How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit? a. 74.19 days b. 91.25 days c. 118.08 days d. 125.30 days Which one of the following is included in a firm's market value but is excluded from the firm's accounting value/book value? a. Real estate investment b. Equipment owned by the firm c. An item held by the firm for future sale d. The quality of management team

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