Read the "Blades, Inc. Case" on page 252 in Chapter 7 of your textbook. Answer questions 1-4 at the end of the case. Your submission should include step-by-step calculations to accompany your answers for questions 1-3.

Note: You do not need to provide the calculations for question 4. Calculations are required only for questions 1-3.

Your answers for questions 1-3 should consist of one statement and step-by-step calculations