PLEASE SHOW ALL WORK INCLUDING EQUATIONS, AND HOW YOU GOT EACH NUMBER TO PLUG INTO THE EQUATION! STEP BY STEP INSTRUCTIONS PLEASE!

Problem 1. Depp and Rush have a DSO of 35 days, and its annual sales are $5,200,000. What is its accounts receivable balance? Assume that it uses a 365-day year.

Problem 2. Kelley Corporation has $8 billion in total assets. Its balance sheet shows $500,000 in current liabilities, $2 billion in long-term debt, and $5 billion in common equity. It has 600 million shares of common stock outstanding, and its stock price is $28 per share. What is Kelley's market/book ratio?

Problem 3. Gummy Corporation recently reported the following information:

Net Income $250,000

ROA 7%

Interest Expense $195,000

Tax Rate 40%

What is Gummy's basic earning power (BEP) ratio?