Question: Please help with this finance problem, I need help asap. I know the answer just do not know how to get there, so I have

Please help with this finance problem, I need help asap. I know the answer just do not know how to get there, so I have put the answer in bold to help with the process.

Question 6

You are looking at a firm's financial statements and find the following information:

USD ($) millions Dec 31st, 2020 Dec 31st, 2019
Total Current Assets 12,547 11,044
Property, Plant, & Equipment 28,887 25,082
Notes Payable 2,962 1,787
Total Current Liabilities 9,267 10,807
Retained Earnings 44,448 43,028

USD ($) millions 12 Months Ending Dec 31, 2020
Depreciation 1,590
Operating Income 6,766
Earnings Before Taxes 5,345
Provision for Taxes 892

What was the firm's free cash flow for 2020? -2,386

Question 7

A sole proprietor has a taxable income for 2020 is $295,000. How much in taxes does she owe?

Marginal Tax Rate Bracket Lower Limit Bracket Upper Limit Base Tax
10% 0 $9,875
12% $9,875 $40,125 $987.50
22% $40,125 $85,525 $4,617.50
24% $85,525 $163,300 $14,605.50
32% $163,300 $207,350 $33,271.50
35% $207,350 $518,400 $47,367.50
37% $518,400 $156,325.00

78,045

Question 10

If a firm has $12 million in sales, a debt-to-equity ratio of 3.3, total debt of $13 million, and for every dollar of revenue they generate $0.19 of earnings, what is the firm's return on equity?

57.88

Question 15

A corporation has $368 million in sales,$210 million in COGS, $68 million in inventory, $129 million in accounts receivables, and $106 million in accounts payable. The firm borrows at 13% compounded daily to finance its NOWC.

How much will the firm have to pay in interest for the year due to the Cash Conversion Cycle?

Hint: take the COGS and calculate how much it grows over one cash conversion cycle (in days) with a daily interest rate that you calculate from APR. Answer in millions of dollars . Make sure you have 3 or 4 significant digits (ie. if the the answer is $6,789,012 million, your answer should be 6.789) 4.68

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