1. If a retail store has a current ratio of 2 1/2 to 1 and current assets of $150,000, the amount of working capital is: Answer A) $ 60,000. B) $225,000. C) $120,000. D) $ 90,000. Use the following to answer questions 6 - 10: Given below are comparative balance sheets and an income statement for Pearl Corporation 6. Refer to the above data. Pearl Corporation's accounts receivable turnover for 2005 is: Answer A) 4.6 times. B) 2.9 times. C) 5.4 times. D) 68 days. Question 7 7. Refer to the above data. Pearl Corporation's inventory turnover for 2005 is: Answer A) 6.6 times. B) 3.9 times. C) 4.1 times. D) 94 days. Question 8 8. Refer to the above data. Pearl Corporation's gross profit rate for 2005 is: Answer A) 60.1%. B) 39.9%. C) 33%. D) 68%. Question 9 9. Refer to the above data. Pearl Corporation's return on assets for 2005, rounded to the nearest tenth of a percent, is: Answer A) 9.9%. B) 4.1%. C) 5.9%. D) 16.9%. Question 10 10. Refer to the above data. Pearl Corporation's return on common stockholders' equity for 2005, rounded to the nearest tenth of a percent, is: Answer A) 5.9.%. B) 6.05%. C) 14.4%. D) 9.4%