24. A firm submits their financial records to a bank. Upon examination, the bank discovers that this firm has $500 in cash, $2,500 in accounts receivables, S1,000 in inventory, S5,000 in plant and equipment, and that their assets totaled $9,000. In addition, this bank discovered that the firm had $2,000 in current liabilities, $2,500 in long-term debt, and $4,500 in net worth. Finally, this bank discovered that this firm had $20,000 in net sales and $2,000 in net income. What is this firm's net profit margin? A. 10.00 percent B.22.22 percent C. 44.44 percent D. 50.00 percent 25. A firm submits their financial records to a bank. Upon examination, the bank discovers that this firm has $500 in cash, $2,500 in accounts receivables, $1,000 in inventory, $5,000 in plant and equipment and that their assets totaled 89,000. In addition this bank discovered that the firm had $2,000 in current liabilities, $2,500 in long-term debt, and $4,500 in net worth. Finally, this bank discovered that this fimm had $20,000 in net sales (all of which are on credit) and S2,000 in net income. What is this firm's average collection period? A. 18 days B. 45 days C. 72 days D. 162 days 26. A firm submits their financial records to a bank. Upon examination, the bank discovers that this firm has $500 in cash, $2,500 in accounts receivables, S1,000 in inventory, S5,000 in plant and equipment and that their assets totaled $9,000. In addition this bank discovered that the firm had $2,000 in current liabilities, $2,500 in long-term debt, and $4,500 in net worth. Finally, this bank discovered that this finn had $20,000 in net sales and S2,000 in net income. What is this firm's net working capital? A. $9,000 B. $4,500 C. $4,000 D. $2,000