1. What insight can be provided by the accounts receivable turnover ratio? The inventory turnover ratio? 2. If a firm's ROE is low and management wants to improve it, explain how using more debt might help 3. Would you rather have a savings account that pays 5 percent interest compounded semiannually or one that pays 5 percent interest compounded daily? Explain 4. The rate of return you would get if you bought a bond and held it to its maturity date is called the bond's yield to maturity. If interest rates in the economy rise after a bond has been issued, what will happen to the bond's price and to its YTM? Does the length of time to maturity affect the extent to which a given change in interest rates will affect the bond's price