51. A firm has sales of $2,190, net income of $174,

51. A firm has sales of $2,190, net income of $174, net fixed assets of $1,600, and current assets of $720. The firm has $310 in inventory. What is the common-size statement value of inventory?
A. 13.36 percent
B. 14.16 percent
C. 19.38 percent
D. 30.42 percent
E. 43.06 percent

52. A firm has sales of $3,400, net income of $390, total assets of $4,500, and total equity of $2,750. Interest expense is $40. What is the common-size statement value of the interest expense?
A. 0.89 percent
B. 1.18 percent
C. 3.69 percent
D. 10.26 percent
E. 14.55 percent

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53. Last year, which is used as the base year, a firm had cash of $52, accounts receivable of $218, inventory of $509, and net fixed assets of $1,107. This year, the firm has cash of $61, accounts receivable of $198, inventory of $527, and net fixed assets of $1,216. What is the common-base year value of accounts receivable?
A. 0.08
B. 0.10
C. 0.88
D. 0.91
E. 1.18

54. Russell’s Deli has cash of $136, accounts receivable of $87, accounts payable of $215, and inventory of $409. What is the value of the quick ratio?
A. 0.31
B. 0.53
C. 0.71
D. 1.04
E. 1.07

55. Uptown Men’s Wear has accounts payable of $2,214, inventory of $7,950, cash of $1,263, fixed assets of $8,400, accounts receivable of $3,907, and long-term debt of $4,200. What is the value of the net working capital to total assets ratio?
A. 0.31
B. 0.42
C. 0.47
D. 0.51
E. 0.56

56. A firm has total assets of $311,770 and net fixed assets of $167,532. The average daily operating costs are $2,980. What is the value of the interval measure?
A. 31.47 days
B. 48.40 days
C. 56.22 days
D. 68.05 days
E. 104.62 days

57. A firm has a debt-equity ratio of 0.42. What is the total debt ratio?
A. 0.30
B. 0.36
C. 0.44
D. 1.58
E. 2.38

58. A firm has total debt of $4,620 and a debt-equity ratio of 0.57. What is the value of the total assets?
A. $6,128.05
B. $7,253.40
C. $9,571.95
D. $11,034.00
E. $12,725.26

59. A firm has sales of $68,400, costs of $42,900, interest paid of $2,100, and depreciation of $6,500. The tax rate is 34 percent. What is the value of the cash coverage ratio?
A. 12.14
B. 15.24
C. 17.27
D. 23.41
E. 24.56

60. The Bike Shop paid $2,310 in interest and $1,850 in dividends last year. The times interest earned ratio is 2.2 and the depreciation expense is $460. What is the value of the cash coverage ratio?
A. 1.67
B. 1.80
C. 2.21
D. 2.40
E. 2.52