QUESTION 1

1. The DuPont breakdown

   		occurred in the late 1990's as a financial failure at DuPont corporation
   		summarizes critical components of return on equity
   		is a strategy for delaying cash outflows and accelerating cash inflows
   		shows the age in days outstanding of each of the firm's accounts receivable

QUESTION 2

1. Industry norms are available through

   		Valueline
   		Dun & Bradstreet
   		Hoovers
   		all of these

QUESTION 3

1. If a firm is insolvent, then

   		it is having difficulty servicing its debt obligations
   		its liabilities exceed its asset value
   		its current ratio is less than 1.0
   		its receivables turnover is less than 1.0