How do I calculate number 1:

1. Determine the total debt at the end of 2013.

Problem 2 McDaniel's Place has selected financial ratios for 20X120X3 as follows: 2UX1 2UX2 20x3 Current ratio 1.1 1.15 1.2 Accounts receivable turnover 13 12 11 Inventory turnover 24 23 22 Asset turnover 1.3 1.4 1.5 Debtequity ratio 1.5 1.4 1.3 Times interest earned 3.8 3.9 4.0 Sales for the three years were $1 million, $1.2 million, and $1.4 million, respectively. Required: 1. Assume total assets did not change during 20x3. Determine the total debt at the end of 20x3. 2. 1f cost of sales were 10 percent of total sales, what was the average inventory for 20x3? 3. Comment on the changing liquidity of McDaniel's Place over the threeyear period. 4. Comment on the changing solvency of this business over the threeyear period