NEED EXPLANATIONS FOR PROBLEMS 7,8,9, AND 10.

7) Lew's Auto Repair has cash of $18,600, accounts receivable of $34,500, accounts payable of $28,900, inventory of $97,800, long-term debt of $142,000, and net fixed assets of $363,800. The firm estimates that if it wanted to cease operations today it could sell the inventory for $85,000 and the fixed assets for $349,000. The firm could collect 100 percent of its receivables as they are secured. What is the market value of the firm's assets? A) $332,800 B) $458,200 C) $374,200 D) $495,500 E) $487,100 8) Fresh Foods has sales of $213,600, total assets of $198,700, a debt-equity ratio of 1.43 , and a profit margin of 4.8 percent. What is the equity multiplier? A) .30 B) .43 C) 1.93 D) 2.43 E) 2.30 9) Whitt's BBQ has sales of $1,318,000, a profit margin of 7.4 percent, and a capital intensity ratio of .78 . What is the total asset turnover rate? A) 1.04 B) 1.08 C) 1.13 D) 1.43 E) 1.28 10) You and your sister are planning a large anniversary party 3 years from today for your parents' 50th wedding anniversary. You have estimated that you will need $6,500 for this party. You can earn 2.6 percent compounded annually on your savings. How much would you and your sister have to deposit today in one lump sum to pay for the entire party? A) $6,076.55 B) $6,018.26 C) $6,308.16 D) $5,934.90 E) $5,868.81