Please help! All anwsers must be explained, clear, and complete! Will upvote, thank you so much!

Ql. A firm has Net income of $220,000 in 2021, a forty percent tax rate and interest expense of $50,000 in 2019. Given these numbers, calculate (a) its EBIT for 2021, and (b) Its times interest earned ratio for 2019. Clearly show all work, formulae, and calculations used Q2: Suppose that a firm chooses to use straight-line depreciation instead of sum of the year's digits depreciation in 2021. If this is the first year of the asset's life, explain clearly and completely how this choice sill impact (a)the firm's inventory turnover ratio, (b) its return on assets ratio for 2021. Q3. (a) First, calculate the stock return for a stock you bought for $15 a year ago and just sold for $18. The firm paid a dividend of $1 over the past year. (b) Next, carefully and clearly explain why the beginning stock price is used as the denominator in formula for the stock return. Q4. Using LIFO, calculate both COGS and ending inventory in 2019 if a firm bought 100 units of inventory at $10 a unit in 2018 and 50 units of inventory at $15 a unit in 2019 and used up 80 units in production in 2019. Q5. Discuss clearly and completely at least three major factors you should consider when comparing a firm's average collection period ratio to that of another firm in 2022. ANSWER ANY ONE OF Q6 a, b below: Q6a. Suppose a firm has a times interest earned ratio of 0.8 and a cash flow to long-term debt ratio of 0.75. If you were a lender, discuss clearly and completely how you would evaluate this firm's ability to cover its debt payments. Q6b. Is a decrease of $350,000 in a firm's payable balance over 2021 the equivalent of a cash inflow or a cash outflow for 2021? Please provide a complete explanation for why this is so - do not just cite a rule! Q7. Suppose you are an individual investor who has limited funds (say a few hundred dollars) to invest. Discuss clearly and completely all the reasons why someone in your position would choose to invest in a corporation rather than in a proprietorship or partnership. 21 Page Q8. Discuss in detail (a) which two topics, concepts, etc.. you have had the most difficulty with so far in this class and why, (b) two topics, concepts, etc.. you have most confidently grasped so far