1- A company has beginning inventory of $31,000 and ending inventory of $63,000. If the COGS is $154,000, determine how many days the average item is in stock. (Do not round intermediate calculations; provide an answer with two decimal places, i.e. 123.45)

2- You receive the following partial balance sheet for 2013 and 2012 for a company that you are considering making an investment in. Perform a vertical analysis for each year on these accounts. (Provide answers to two decimal places i.e. 12.34)

Balance Sheet, Sample Company Vertical Vertical Category 2018 Analysis 2018 2019 Analysis 2019 Current assets $7,134,814 Blank 1 % $8,426,880 Blank 2 % Total fixed assets 8,354,879 Blank 3 % 8,793,885 Blank 4 % Total assets 15,489,693 Blank 5 % 17,220,765 Blank 6 % Current liabilities $3,053,630 Blank 7 % $3,573,988 Blank 8 % Long term debt 4,444,534 Blank 9 % 4,760,298 Blank 10 % Owners equity 7,991,529 Blank 11 % 8,886,479 Blank 12 % Total liabilities & owners equity $15,489,693 Blank 13 % $17,220,765 Blank 14 %

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