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A fire has destroyed a large percentage of the financial records of the Carter Company. You have the task of piecing together information in order

A fire has destroyed a large percentage of the financial records of the Carter Company. You have the task of piecing together information in order to release a financial report. You have found the return on equity to be 25%. If sales were $61,000,000, the debt ratio was 40%, and total liabilities were $12,000,000, what would be the return on assets (ROA)?
a.,8.33%
b.,10.00%
c.,16.56%
d.19.94%
e.15.00%
The RRR Company has a target current ratio of 3.2. Presently, the current ratio is 4.4 based on current assets of $6,556,000. If RRR expands its inventory using short-term liabilities (maturities less than one year), how much additional funding can it obtain before its target current ratio is reached?
a. $855,802
b.,$558,750
c. $666,182
d. $812,727
e. $913,749
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