1. Wilbertons has total assets of $537,800, net fixed assets of $412,400, long-term debt of $323,900, and total debt of $388,700. If inventory is $173,900, what is the current ratio? Show your calculations!

A. 1.18 B. 0.52 C. 2.01 D. 1.94

2. NDG is a firm financed with 45 percent debt and 55 percent equity. What is the equity multiplier? Show your calculations!

1. 100%
2. 55%
3. 45%
4. 1.82

3. A firms total current liabilities increased from 200 to 220 within a year. You also know that the company decreased its accounts payable by 30 during the same year. What must have happened to its other current liabilities? Show your calculations OR explain your approach! (Units in thousands of dollars)

1. increased by 20
2. decreased by 30
3. decreased by 50
4. increased by 50