... a 360 day year)? a $1 94, 444 b $57, 143 c $5,556 d $97,222 e $285,7 14 ANSWER: RATIONALE: DIFFICULTY: TOPICS: a A/R = (Sales/360)(DSO) = (($2,000,000)/(360))(35) = $1 94, 444 Easy Accounts receivable ... funds, how much external funding will Cannon need? a $41 ,6 64 b $52,086 c $47 ,359 d $106 ,47 1 e $93,750 ANSWER: RATIONALE: b DSO = ( $41 ,6 64/ $250,000)/360 = 60 days New A/R = (($250,000)(1.5)/(360))(60)(1.5) ... a TIE ratio of at least times, its bank will refuse to renew its loan, and bankruptcy will result What is Alumbat's current TIE ratio? a 2 .4 b 3 .4 c 3.6 d 4. 0 e 5.0 ANSWER: RATIONALE: e TIE =...