1. Your corporation Income Statement for 2017 has Earnings Before Interest and Taxes (EBIT) of $2,510 and interest expense of $850. What is the times interest earned ratio for 2017? Please show your ratio and calculations
2. Your corporation Income Statement for 2017 has cost of goods sold of $5,225. The Balance Sheet for 2017 has inventory of $1,885. What is the inventory turnover for 2017? Please show your ratio and calculations
3. What is the impact of financial leverage on wealth creation? What is the relationship between financial leverage and risk?? Discuss how it can be used as a tool.