1. It takes Elephant, Inc. an average of 22 days to sell its inventory and an average of 12 days to collect on the sales of that inventory. What is the inventory turnover rate?
2. Dolphin, Inc. has a book value per share of $15.70, earnings per share of $1.68, and a price-earnings ratio of 22.2. What is the market-to-book ratio?
3. A firm has inventory of $1,200, accounts payable of $700, cash of $130, net fixed assets of $1,400, long-term debt of $700, accounts receivable of $400, and total equity of $1,330. What is the common-size percentage for the net fixed assets?