1. ABC Co. has an average collection period of 60 days total credit sales for he

1. ABC Co. has an average collection period of 60 days total credit sales for he year $3000000. What is the balance in account receivable at the year end?a. $50000b. $100000c. $500000d. $800002. A firm has current assets of $75000 and total assets $375000. A firm sales are $900000. The firm fixed assets turnover is.a. 3.0xb. 12.0xc. 2.4xd. 5.0×3. A firm s long term assets =$75000 total assets = $200000 inventory =$25000 and current liabilities =$50000a. Current ratio =0.5;quick ratio= 1.5b. Current ratio=1.0; quick ratio= 2.0c. Current ratio= 1.5;quick ratio= 2.0d. Current ratio= 2.5; quick ratio= 2.04. A firm has total assets of $2000000. It has $900000in long term debt The stockholders equality is $900000. What is the total debt to assets ratio?a. 45%b. 40%c. 55%d. None of the above