Please answer all questions and show ALL work. Thank you.

1. A firm has shareholders' equity of $200,000. The fim owes a total of $125,000 of which 30 percent is payable within the next year. The firm net fixed assets of $230,000. What is the amount of the net working capital? 2. Thompsonl Rental paid $70 in dividends and $450 in interest expense. The addition to retained earnings is $400 and net new equity is $550. The tax rate is 21 percent. Sales are $16,900 and depreciation is $650. What are the earnings before interest and taxes? 3. Discuss the difference between book values and market values and explain which one is more important to the financial manager and why. 4. The Trunk Co. purchased new machinery three years ago for $5 million. The machinery can be sold today for $3 million. The Widget Co.'s current balance sheet shows net fixed assets of $2,800,000, current liabilities of $1,475,000, and net working capital of $725,000. If all the current assets were liquidated today the company would receive $1.8 million in cash. The book value of the Widget Co.'s assets today is and the market value of those assets is 5. Al's Sport Store has sales of $900,000, costs of goods sold of $600,000, inventory of $200,000, and accounts receivable of $75,000. How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit? 6. The Purple Martin has annual sales of $750,000, total debt of $210,000, total equity of $385,000, and a net profit margin of 6.80 percent. What is the return on assets