Mark Co. has sales of $100,000 and operating expenses of $60,000. In addition, net interest expense =$6,000 and interest income =$4,000 The Times Interest Earned (TIE) ratio is closest to: 200% 100% 400% 300% In general, the a firm's leverage ratios, the higher its risk of bankruptcy and the higher its interest coverage ratios, the the risk of bankruptcy. lower:lower lower, higher higher lower hisher Wither Reece Co. has net income from continuing operations (NIFCO) of $20,000. Net interest expense is $5,000 and interest income for the year =$5,000. Average assets =$120,000. The tax rate is 20%. Unievered Return on Assets (UROA) is closest to? 10% 23% 17% 6% It takes Firm AA longer to sell inventory and longer to collect on receivables than Firm JJ, however Firm AA has a shorter cash conversion cycle than Firm J. You conclude that: Firm J has a lower payables turnover than Firm AA. Firm J has lower receivables turnover than Firm AA. Firm AA has lower paysbles turnover than Firm 33. Firm AA has better inventory management than Firm J. Kern Inc. has cost of goods sold equat to 70% of sales; where sales equal $150,000. The balance sheet shows average total assets of $75,000 with an average inventory balance of $15,000. Total asset turnover and inventory turnover are closest to? Total asset turnover =200%; Imventory tumover =700% Total asset turnover =300%; Inventory turnover =200x Total asset turnover 700% : Inventory turnover 300% Total asset tumover 200%; Imventory tumover 300%