1. AAA's inventory turnover ratio is 20.00 based on sales of $28,400,000. The firm's current ratio equals 4.16 with current liabilities equal to $820,000. If the firm's cash and marketable securities equal $657,096, what is the firm's days sales outstanding? (Round your answer to two decimal places.)
15.66
35.40
43.84
25.59
17.15
2. For debt instruments, if interest rates increase:
prices of long-term bonds will fall more than short-term bonds
prices of short-term bonds will increase more than long-term bonds
the coupons of long-term bonds will increase more than short-term bonds
coupons of long-term bonds will increase more than short-term bonds