Question 6 (1 point) The RRR Company has a target current ratio of 3.2. Presently, the current ratio is 4 based on current assets of $9,800,000. If RRR expands its fixed assets using short- term liabilities (maturities less than one year), how much additional funding can it obtain before its target current ratio is reached? (Round your answer to the nearest dollar.) $730,267 $890,909 $612,500 $938,127 $1,001,649 Question 7 (1 point) Use the information below to calculate the firm's return on common equity. (State your answer as a percentage with two decimal places.) Net profit margin = 13.87%; Debt ratio = 45.07%; Fixed asset turnover = 5.77; Total asset turnover = 2.70; Inventory turnover = 17.58. 37.45% 68.18% 51.28% 28.95% 35.01% Question 8 (1 point) Russell Securities has $260 million in total assets and its corporate tax rate is 40%. The company recently reported that its basic earning power (BEP) ratio was 40% and its return on assets (ROA) was 13%. What was the company's interest expense? (Answers are in millions.) $70.20 $47.67 $104.00 O $156.00 $22.53 Question 9 (1 point) CCC currently has sales of $28,000,000 and projects sales of $39,200,000 for next year. The firm's current assets equal $10,000,000 while its fixed assets are $11,000,000. The best estimate is that current assets will rise directly with sales while fixed assets will rise by $200,000. The firm presently has $5,000,000 in accounts payable, $2,000,000 in long-term debt, and $14,000,000 in common equity. All current liabilities are expected to change directly with sales. CCC plans to pay $1,000,000 in dividends next year and has a 4.0% net profit margin. What are the company's additional funds needed for the next year? (Round your answer to the nearest dollar.) $632,000 $3,632,000 $2,200,000 $1,632,000 $4,200,000