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A firm has inventory of $46,500, accounts payable of $17,400, cash of $1,250, net fixed assets of $318,650, long-term debt of $95,200, and accounts receivable

A firm has inventory of $46,500, accounts payable of $17,400, cash of $1,250, net fixed assets of $318,650, long-term debt of $95,200, and accounts receivable of $16,600. What is the common-size percentage of the equity?

  • A. 70.60 percent
  • B. 66.87 percent
  • C. 68.75 percent
  • D. 42.08 percent
  • E. 70.12 percent

Chadron Motors is notoriously known as a slow-payer. The firm currently needs to borrow $25,000 and only one company will loan to them. The terms of the loan call for weekly payments of $615 at a weekly interest rate of .45 percent. What is the loan term?

  • A. 56.77 weeks
  • B. 31.65 weeks
  • C. 43.33 weeks
  • D. 42.5 weeks
  • E. 45.00 weeks

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