Firm As sales last year were $4,900,000, its operating costs were $3,071,000, and its interest charges were $372,600. What was the firm's times-interest-earned ratio?

Select one:

a.

21.4

b.

2.5

c.

8.2

d.

4.9

Which of the following statements is correct?

Select one:

a.

The less aggressive firm's management is, the higher its debt ratio is likely to be.

b.

A lower firm's inventory turnover ratio suggests that it is improving its inventory management.

c.

If a firm's fixed assets turnover ratio is significantly higher than its industry average, this could indicate that it is operating at overcapacity and should probably add fixed assets.

d.

The days sales outstanding (DSO) can be used to assess whether we are collecting receivables on time. The DSO ratio tells us the maximum time needed to collect after a sale is made.