Question 46 (3 points) Find the ratio category that each of the following ratios belongs to return on asset interest coverage ratio > 1. liquidity equity multiplier > 2. leverage gross profit margin 3. profitability current ratio quick ratio Previous Page Next Page Page 46 of 55 Question 47 (3 points) Suppose a firm has administrative expenses of $50,000, marketing expenses of $70,000, interest expenses of $40,000, and depreciation expenses of $20,000. What is its total cash fixed costs (CFC)? O a) $160,000 Ob) $110,000 Oc) $180,000 Od) $130,000 Previous Page Next Page Page 47 of 55 Question 48 (3 points) Find the survival revenues breakeven point, if its cash fixed costs is $210,000 and a variable cost revenue ratio of .30? a) $630,000 b) $500,000 Oc) $700,000 d) $300,000 Previous Page Next Page Page 48 of 55 Question 49 (3 points) Support X company has the following financial information: At the beginning of year 2017. its accounts receivable was $55,000, inventories were $23,000. By the end of the year: its accounts receivable became $77,000; inventories $78,000. In year 2017. its net sales were $45,000; and net income was $11,300 What is the company's cash build rate in year 2017? (For full credit show your calculation!) M Multiple Parts Following are the balance sheet and income statement of IT Inc. in year 2017 Use the two statement to calculate the following questions Balance Sheet (Millions of $) Cash and securities Accounts receivable $2,500 Accounts payable 11,500 Notes payable 7.800 ) Accruals $21,600 Total current liabilities Inventories 59.500 7.000 1.500 $18,000 Total current assets Net plant and equipment $20,400 Long-term bonds $17.000 Common stock Retained earnings $4.000 3.000 Total assets $42.000 Total liabilities and equity $42,000 7 Income Statement Millions of S) Net sales 559.500 Cost of goods sold $23.078 Gross profit $36,422 Operating costs except depreciation 15.813 Depreciation 10.531 Earnings of interest and taxes (EBIT) $10,078 Interest expense 2.678 Earnings before taxes (EBT) $7.400 Taxes S2 390 Net income $4,810 [Ratio Calculation Question 1]What is the value of its current ratio? (For all of the following calculation questions, you must show your calculation steps to get full points