$36.408 28.225 1.760 6,423 Precision Tools 2019 Income Statement Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable income Less: Taxes Net Income 510 5,913 2.070 $3.843 2018 2019 Precision Tools 2018 and 2019 Balance Sheets 2018 2019 $ $ 2,060 3,411 1,003 4,218 7.250 8,384 9,800 11.500 Accounts payable Long-term debt Cash Accounts receivable Inventory 18.776 21.908 24,247 27.129 14,160 14.080 38.407 41.209 Common stock Retained earnings Total liability & 15,000 17,500 6.357 3.825 38.407 41.209 Net fixed assets Total assets equity What is the networking capital to total assets ratio for 2019? A. 24.18 percent B. 36.82 percent C. 45.49 percent D. 51.47 percent E. 65.83 percent 2. How many days on average does it take Precision Tool to sell its inventory? (Use 2019 values). (Use data in the question 1). A. B. C. D. 164.30 days 187.77 days 219.63 days 247.46 days 283.31 days