Using tоо few оrgаnisms in аn AST inoculum cаn make an isolate appear falsely susceptible.
Lоng Answer Sectiоn: 2 x 20 = 40 mаrks tоtаl. Do аny two out of three long answer questions. L1. Miami Bicycle Company recently reported $172,500 of sales, $140,500 of operating costs other than depreciation, and $9,250 of depreciation. The company had $35,250 of outstanding bonds that carry a 6.75% interest rate, and its federal-plus-state income tax rate was 25%. In order to sustain its operations and thus generate future sales and cash flows, the firm was required to spend $15,250 to buy new fixed assets and to invest $6,850 in net operating working capital. What was the firm's free cash flow? (20 marks, do any 2 out of 3) L2. Key West Marina's sales last year were $425,000, and its year-end receivables were $52,500. The firm sells on terms that call for customers to pay 30 days after the purchase, but some delay payment beyond Day 30. On average, how many days late do customers pay? Base your answer on this equation: DSO – Allowed credit period = Average days late, and use a 365-day year when calculating the DSO. Assume all sales to be on credit. (20 marks, do any 2 out of 3) L3. You need to analyze a firm's performance in relation to its peers. You can do this either by comparing the firms' balance sheets and income statements, or by comparing the firms' ratios. If you only had time to use one means of comparison which method would you use and why? (20 marks, do any 2 out of 3)