13 Net sales were $467,500, and the accounts receivable turnover was 8.5 times. What are the accounts receivable? Assume all sales are on account. out of Select one: O a. $55,000 O b. $467,500 O c. $3,973,750 O d. Not determinable from the information provided O e. None of the above 14 Consider the following out of Year 3 Year 2 Year 1 Net income $90,000 $98,000 $48.000 Net sales $870,000 $900,000 $700,000 Use the information above. Which of the following statements is FALSE? Select one: O a. The percentage of net income to net sales increased between Year 1 and Year 2. O b. The percentage of net income to net sales was 10.0% in Year 2. O c. The percentage of net income to net sales was 10.3% in Year 3. O d. Both (A) and (C) are false. n 16 ed out of Cash Accounts Receivable Marketable Securities Inventories Prepaid Other Current Assets Total Current Assets Total Current Liabilities $ 12.000 $ 8,000 $ 4,000 $ 15,000 $1,000 $ 1,500 $ 41 500 $ 10,000 Use the information above. What is the quick ratio? Select one: O a. 4.15 to 1 O b.3.9 to 1 O c. 2.0 to 1 O d. none of the above lon 17 red Current Assets Cash Accounts Receivables Short-Term Investments Inventory Current Liabilities S 182.000 $ 46,000 $ 52,000 $ 28,000 $ 56,000 $ 88,000 ed out of ag lon Using the information above which of the following is true? Select one: a. Working capital is $94,000 and the current ratio is 1.43 b. Current ratio is 2.07 and the quick ratio is 1.43 c. Working capital is $48,000 and the quick ratio is 1.43 d. None of the above