Problem #$1$

Based on the $2023$ statistics for Intel Corporation shown below, calculate the company's:

$($a$)$ average collection period $($aka days' sales outstanding$),$ assuming zero cash sales,

$($b$)$ days in inventory $($aka days' sales in inventory$),$

$($c$)$ current ratio,

$($d$)$ debt to assets ratio,

$($e$)$ return on assets $($ROA$),$

$($f$)$ profit margin,

$($g$)$ asset turnover, and

$($h$)$ gross profit rate.

Problem #$2$

Assumptions:

ABC Machine Corp. buys a specialty lathe for its metal products with an original equipment purchase price of $$42,560.$

The lathe has an estimated economic life of seven $(7)$ years and an assumed salvage value of $$1,540.$

Expected production over the economic life of the lathe is $726,000$ units in the following pattern:

Year $1=76,000$ units; Year $2=95,000$; Years $3-7=111,000$ units per year