46. The 2020, 2021, and 2022 partial balance sheets for Ottoman Manufacturing Company appear below. 2020 2021 2022 Current assets Cash $ 20,000 $ 16,000 $ 14,000 Accounts receivable, 28,000 20,000 24,000 net Inventory Total current assets Plant & equipment, net 22.000 70,000 62.000 30.000 66,000 60.000 28.000 66,000 40.000 Total assets $132,000 $126,000 $106.000 Net credit sales for Ottoman were $126,000 for 2020, $120,000 for 2021 and $114,000 for 2022, while cost of goods sold was $84,000 for 2020, $82,400 for 2021 and $72,500 for 2022. What is the accounts receivable turnover for 2021? a. 3.75 times b. 4.61 times c. 5.00 times d. 6.00 times 47. The 2020, 2021, and 2022 partial balance sheets for Ottoman Manufacturing Company appear below. 2020 2021 2022 Current assets Cash $ 20,000 28,000 $ 16,000 20,000 $ 14,000 24,000 Accounts receivable, net Inventory 22.000 70,000 Total current assets Plant & equipment, net 30,000 66,000 60.000 $126.000 28.000 66,000 40.000 $106.000 Total assets 62.000 $12.000 2,922 words Net credit sales for Ottoman were $126,000 for 2020, $120,000 for 2021 and $114,000 for 2022, while cost of goods sold was $84,000 for 2020, $82,400 for 2021 and $72,500 for 2022. What is the inventory turnover for 2021? a. 2.75 times b. 3.17 times c. 4.00 times d. 4.14 times 48. The 2020, 2021, and 2022 partial balance sheets for Ottoman Manufacturing Company appear below. 2020 2021 2022 Current assets Cash $ 20,000 $ 16,000 $ 14,000 Accounts receivable, 28,000 20,000 24,000 net Inventory 22.000 70,000 _30.000 66,000 28.000 66,000 Total current assets Plant & equipment, net 62.000 60.000 40.000 $126,000 $106.000 Total assets $132,000 Net credit sales for Ottoman were $126,000 for 2020, $120,000 for 2021 and $114,000 for 2022, while cost of goods sold was $84.000 for 2020, $82,400 for 2021 and $72,500 for 2022. What is the average number of days to sell inventory for 2022? a. 133 days b. 137 days c. 141 days d. 146 days 49. The 2021 and 2022 balance sheets for Ottoman Manufacturing Company appear below: 2021 2022 Current Assets Cash Accounts receivable, net Inventory $ 16,000 $ 15,000 20,000 19,000 30.000 28.000 66,000 62,000 60.000 40.000 $126,000 $102,000 Total current assets Plant & equipment, net Total assets Current liabilities Noncurrent liabilities $ 20,000 60.000 80,000 $ 30,000 40,000 70,000 Total liabilities Stockholders' equity Common stock 2,000 2,000 4,000 Additional paid-In capital Retained earnings 40.000 4,000 26.000 32.000 $102,000 46.000 Total stockholders' equity Total liabilities and stockholders' equity 2.922 words $126.000 Current Assets Cash Accounts receivable, net Inventory $ 16,000 $ 15,000 20,000 19.000 30.000 28.000 66,000 62,000 60,000 40.000 $126.000 $102,000 Total current assets Plant & equipment, net Total assets Current liabilities Noncurrent liabilities $ 20,000 60.000 80,000 $ 30,000 40.000 70,000 Total liabilities Stockholders' equity Common stock 2,000 4,000 Additional paid-In capital 2,000 4,000 26.000 Retained earnings 40.000 Total stockholders' equity Total liabilities and stockholders' equity _46,000 $126.000 32,000 $102.000 What is the debt ratio for 2022? a. 39.2% b. 61.4% C. 68.6% d. 100% 50. If the activity level increases, what happens to the total variable cost? a. It remains the same. b. It decreases. c. It increases. d. It depends on how much the activity level increases