please answer 4-6

4. A firm has an unadjusted cash balance of $55,000 at the end of April. In May, the firm reports a net change in cash of $40,000. A new policy made by the firm states that they must maintain a minimum cash balance of $30,000. How much must the firm borrow in May to maintain that minimum cash balance? a. $20,000 b. $45,000 c. $30,000 d. $15,000 e. They do not need to borrow 5. Which of the below ratios are used to measure the ability of a firm to cover short-term obligations with assets generating cash within the year? a. The times interest earned (TIE) ratio b. Debt ratio c. Current ratio d. Inventory turnover ratio 6. A firm is offered a discount for purchasing more units per order from their suppliers. As a result the firm has a higher inventory balance. How would this change affect their quick ratio? a. The ratio will increase as current assets increase b. The ratio will remain unchanged c. The ratio will increase due to a decrease in current liabilities d. The ratio will decrease as current liabilities will increase