6. Compute the TIE ratio (Times interest Earned). TA=$1,000Taxrate=20%EBIT=$100NetIncome=$76 a. 15.2 b. 17.4 c. 20.0 d. 23.1 e. 25.8 7. What is the maximum level of accounts receivables the firm could have and still have its Days Sales Receivables ratio (DSO or DSR) equal to 35 days if annual credit sales are 5150,000 ? a. $26,567 b. $22,219 c. $14,384 d. $16,438 8. The Wagner Company has $200 in current assets and $170 in current liabilities. Wagner wants to use Long-Term Debt (LTD) to purchase more imventory. How much additional imventory can Wagner purchase without pushing its Current Ratio above 1.50 ? a. $55 b. $50 c. $45 d. $40 e. Wagner can buy as much INV as it wants with LTD. 9. CDCC balance sheet shows $75,000 in cash year-end 2014 and $100,000 in cash year-end 2015 . CDCC spent 5120,000 on fixed assets during 2015. Cash from operating activities was +$100,000. What was cash flow from financing activities? a. +$245,000 b. +$270,000 c. +$30,000 d. +545,000 e. =$195,000 f. $270,000 B. $30,000