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Question 14 (4 points) The RRR Company has a target current ratio of 2.7. Presently, the current ratio is 3.7 based on current assets of $6,956,000. If RRR expands its fixed assets using short- term liabilities (maturities less than one year), how much additional funding can it obtain before its target current ratio is reached? (Round your answer to the nearest dollar.) $1,105,882 $696,296 O $869,551 $1,164,494 $1,243,344 Question 15 (4 points) U KNO, Inc, uses only debt and common equity funds to finance its assets. This past year the firm's return on total assets was 10%. The firm financed 33% percent of its assets using equity. What was the firm's return on common equity? (Round your answer to two decimal places and state it in percentage form.) 21.75% 14.93% 30.30% 33.25% 13.39% AAA's inventory turnover ratio is 16.62 based on sales of $21,600,000. The firm's current ratio equals 4.25 with current liabilities equal to $830,000. What is the firm's quick ratio? (Round your answer to two decimal places.) O 1.52 4.25 3.59 O2.68 5.24 Question 17 (4 points) Strack Houseware Supplies Inc. has $697 million in total assets. The other side of its balance sheet consists of $97.58 million in current liabilities, $160.31 million in long- term debt, and $439.11 million in common equity. The company has 29,000,000 shares of common stock outstanding, and its stock price is $63 per share. What is Strack's market-to-book ratio? O 7.62 6.97 1.59 04.16 1.31

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