1) Calculate Accounts Recievable Turnover Ratio, Inventory Days, Accounts payable turnover, and Accounts Payable days.

Balance Sheet As of 12/31/2019 ASSETS Current Assets: Cash $ 5,000 5,000 40,000 Marketable Securities Accounts Receivable Inventory Total Current Assets NET Fixed Assets Other Assets Total Assets 75,000 $125,000 152,000 4.000 $281,000 LIABILITIES AND OWNERS EQUITY: Current Liabilities Accounts Payable $ 69,000 Notes Payable 24,000 Accrued Expenses 4,000 Total Current Liabilities $97,000 Long Term Debt: 30,000 Total Debt $127,000 Stockholders Equity Common Stock (25.000 shares outstanding a $1 par 25,000 Retained Earnings 129,000 Total Stockholders. Equity $154,000 TOTAL LIAB + OE $281.000 INCOME STATEMENT FOR THE YEAR 1/1/2019 - 12/31/2019 Sales (50,000 units @ $26 price) __ $1,300,000 Cost of Goods Sold (50,000 units at $20.10 variable cost per unit) 1,005,000 Fixed Costs 177,500 = EBIT $117,500 Interest Expense 63,240 = EBT $54,260 Taxes (35%) 18.991 Earnings After Tax (Net Income) $35,269 Dividends Declared and Paid $14,108 Current Stock Price as of 9/21/2020 $45.00