Which of the following statements is correct?

The lower the level of a firm' s debt, the higher the firms leverage

The lower the level of a firm's debt, the lower the firm's equity multiplier

The lower the level of a firm's debt, the higher the firms equity multiplier

The tax benefit from using debt financing increases the firm's cash flow available to pay investors

Question 20 4 pts Flying Penguins Corporation has total current assets of USD 12,125,000, current liabilities of USD 5,500,000, and a quick ratio of 0.75. How much inventory does it have? Question 21 4 pts Norwood Corporation currently has accounts receivable of USD 1,500,000 on net sales of USD 7,300,000. What are its days sales outstanding (DSO) using 365 days a year? Question 22 4 pts Marlon Corporation has current liabilities of USD 450,000, a quick ratio of 2.0, inventory turnover of 5.0 and a current ratio of 3.5. What is the cost of goods sold