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: $250,000 Net Income ROA 7% Interest Expense $195,000 Submit your answers in a Word document. Show your work! 40% Tax Rate What is Gummy's basic earning power (BEP) ratio?

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 365day 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 bithon 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: Submit your answers in a Word document. Show your work