1)What is the operating cycle for following data?

Days' sales in receivables: 38.7 days

Accounts receivable turnover: 9.6 times

Accounts receivable turnover in days: 35.3 days

Days' sales in inventory: 68.5 days

Merchandise inventory turnover: 5.9 times

Inventory turnover in days: 58.9 days

2)What is the book value per share?

Market price per share $30.00

Number of common shares 10,000

Preferred stock 5%

$100 per $10,000

Common equity $140,000

3)What is the debt to equity ratio?

Current liabilities $12.6

Bonds payable 18.6

Lease obligations 2.7

Minority interest 1.4

Common stock 8.6

Retained earnings 22.9