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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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