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Please use the following Income Statement and Balance sheet for Questions 2

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Please use the following Income Statement and Balance sheet for Questions 2 to 6 Income Statement forFair Company2016Revenue$9,610lessCOGS$6,310lessDepreciaTon$1,370Gross Income$1,930lessS,G&A$-EBI±$1,930lessInterest Expense$630taxable income$1,300±axes$455Net Income$845Balance Sheet for Fair CompanyAssetsLiabiliTes and Shareholder Equity20152016201520Cash310405Accounts Payable2720Accounts receivable26403055Notes Payable100Inventory32753850total current2820Pre-paid expenses00Long-term debt7875total current $6,225 $7,310Common Stock5000Next ²xed assets (PPE)$10,96010670Retained Earnings1490±otal Assets$17,185$ 17,980$17,185
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1.What is the operating cash flow for 2016? A. $845B. $1,930C. $2,215D. $2,845E. $3,0602.The 2015 equity multiplier ratio is : A. 11.53B. 3.44C. 2.65D. 1.00E. cannot compute with numbers given3.What are the accounts receivable turnover?A. 10.3B. 3.44C. 3.15D. 3.37E. cannot compute with numbers given4. What is the debt ratio for 2016?A. 80.7%B. 55.0%C. 59.3%D. 60.7%E. cannot compute with numbers given5. What is the ROE (Return on Equity) for 2016?A. 22.72%B. 13.02%C. 59.80%D. 18.75%E. 11.56%
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