Problem 2: The following data apply to ABC Corporation (millions of dollars) Cash and marketable securities 100 Fixed assets 283.50 Sales 1000 Net income 50 Quick ratio 2 Current ratio 3 DSO 40.55 days ROE 12% ABC Corporation has no preferred stock----only common equity, current liabilities and long-term debt Compute the following for ABC Corporation: 1. Accounts Receivable 2. Current Liabilities 3. Current Assets 4. Total Assets 5. ROA 6. Common equity 7. Long-term Debt QUESTION 3 Over the past year, ABC Corporation has realized an increase in its current ratio and a drop in its total assets turnover ratio. However, the company's sales, quick ratio and fixed asset turnover ratio have remained constant. What explains these changes? Problem 2: The following data apply to ABC Corporation (millions of dollars) Cash and marketable securities 100 Fixed assets 283.50 Sales 1000 Net income 50 Quick ratio 2 Current ratio 3 DSO 40.55 days ROE 12% ABC Corporation has no preferred stock----only common equity, current liabilities and long-term debt Compute the following for ABC Corporation: 1. Accounts Receivable 2. Current Liabilities 3. Current Assets 4. Total Assets 5. ROA 6. Common equity 7. Long-term Debt QUESTION 3 Over the past year, ABC Corporation has realized an increase in its current ratio and a drop in its total assets turnover ratio. However, the company's sales, quick ratio and fixed asset turnover ratio have remained constant. What explains these changes