A customer purchased merchandise for $4100, which cost the seller $3300. The customer was dissatisfied with some of the goods and thus returned $1000 worth of merchandise and received a cash refund.

i. What journal entries should the seller make when the merchandise is sold and at the time of the return? Assume that the seller uses a perpetual inventory system. ii. If the seller uses a periodic inventory system, what entries would be made? iii. Bartley Barstools has an equity multiplier of 2.4, and its assets are financed with some combination of long-term debt and common equity. What is its debt to asset ratio? iv. Doublewide Dealers has an ROA of 10%, a 2% profit margin, and an ROE of 15%. What is its total assets turnover? What is its equity multiplier?