Chapter 003 Working with Financial Statements 6. A firm has total assets of $4$6,000 and total equity of $217.000. What is the debr-equity ratio? a. 48 b. .68 c. 1.10 d. 1.48 e. 2.10 . The Comer Store has sales of $72,510, total assets of $60,400, a debt-equity ratio of 1.2, and a profit margin of 3 percent. What is the equity multiplier? a. .20 b. .83 c. 1.83 d. 2.20 e. 3.60 8. Singletrak, Inc. has sales of $348,900, cost of goods sold of S294,300, and inventory of $41,200. What is the inventory turnover rate? a. 1.33 b. 4.28 c. 6.67 d. 7.14 e. 8.47 9. It takes Ted's Trucks 85 days, on average, to sell its inventory. Costs of goods sold for the year are $1.250,000. What is the average value of the firm's inventory? a. $14,706 b. $87,904 c. $155,706 d. $261,096 e. $291,096 10. A firm has $28,700 in receivables and $165,600 in total assets. The total asset turnover rate is 1.85 and the profit margin is 7 percent. What are the days' sales in receivables? a. 10.69 days b. 34.19 days c. 52.38 days d. 90.37 days e. 117.03 days 3-2