3. Sarah wants to buy a car but only has $3,000 saved. She found a car for $2,850 but it is ugly and she will eventually have to buy new tires in a year for $300.Sarah also
considered buying a newer car that does not have any necessary repairs and looks
much “cooler". However, Sarah would have to take out a loan for $6,000 as the car
is on sale for $9,000. What should she do? Why?

Comparative financial statements for weller corporation, a merchandising company, for the year ending december 31 appear below. the company did not issue any new common stock during the year. a total of 800,000 shares of common stock were outstanding. the interest rate on the bonds, which were sold at their face value, was 12%. the income tax rate was 40% and the dividend per share of common stock was $0.40 this year. the market value of the company's common stock at the end of the year was $18. all of the company's sales are on account. time interest earned ratio