103 104 12 Which of the following companies would a supplier prefer to sell to: 105 Company Accounts Payable Turnover 106 Company A 5.6 107 Company B 3.2 108 Company C 1.3 109 Company D 6.8 110 111 a Company A 112 b Company B 113 C Company C 114 d Company D All company's are equally attractive 115 e 16 17 13 Consider the following income statement data for Barolo Inc.: 18 2020 2019 19 Sales revenue $ 97,300 $ 86,200 Less: Cost of 20 goods sold $ 45,600 $ 53,400 21 Gross profit $ 51,700 $ 32,800 22 Less: selling anc $ 22,500 $ 18,300 23 Net Income $ 29,200 $ 14,500 24 25 The common-size percentage for selling and administration costs in 2020 was 26 a) 21.2%. 27 b) 23.1% 28 c) 43.5%. 29 d) 77.0%. 14 During the month of December, Fabletical sells gift cards. From experience, Fabletical management expects that 95% of the gift cards sold will be redeemed. In January, $15,000 of these cards is redeemed for merchandise with a cost of $13,000. What is the amount of the gift card liability at the end of January after recording redemption and breakage? a) $18,900 b) $5,000 c) $3,900 d) $3,150