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problem1. Chick's Chicken has average accounts receivable of 6,333 dollar. Sales for the year were $9,800. find out its average collection period?

problem2. Lever age pays an 8 percent rate of interest on 10 million dollar of outstanding debt with face value 10 million dollar. The firm's EBIT was $1 million.

[A] Find times interest earned?

[B] If depreciation is $200,000, determine cash coverage?

[C] If the firm must retire $300,000 of debt for the sinking fund each year, determine its "fixed payment cash coverage ratio" [the ratio of cash flow to interest plus other fixed debt payments]?

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