Which one of the following statements is correct if a firm has a receivables turnover of 36.5?

It takes the firm 36.5 days to collect payment from its customers.

It takes the firm an average of 10 days to sell its items.

The firm collects on its sales in an average of 10 days.

The firm has 36.5 times more in accounts receivable than it does in cash.

None of the above.

The lower the inventory turnover, the:

lesser the amount of inventory held by a firm

lower the inventory as a percentage of total assets

shorter it takes a firm to sell its inventory

more time inventory items remain on the shelf.

higher the amount of inventory held by a firm

Rosita's Resources paid $11,310 in interest and $16,500 in dividends last year. Earnings before Interest and Taxes (EBIT) is $32,800, the depreciation expense is $7,900, and the tax rate is 21 percent. What is the value of the cash coverage ratio? Is it more or less safe that a firm that has a cash coverage ratio of 3.75?

3.90, less safe 2.90, more safe 3.60, less safe 3.60, more safe 3.10, less safe

A firm has Net Income of $60,800 and has Total Assets of $601,991, and Total Equity of $400,000. The firms payout ratio is 60 percent. What is the firms Sustainable Growth Rate? If the firm grows at this rate will its debt-to-equity ratio increase, decrease, or remain the same? (Hint: Need to compute ROE).

6.47 percent; Increase 6.47 percent; Constant 6.47 percent; Decrease 10.04 percent; Increase 10.04 percent; Constant