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5 points 8. Lanyon Company is making credit sales based on terms that allow the customers 45 days to pay for merchandise. Its sales for

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5 points 8. Lanyon Company is making credit sales based on terms that allow the customers 45 days to pay for merchandise. Its sales for last year are $750,000, and its year-end receivables are $125.000. If the result of the days sales outstanding (DSO) is less than the 45-day credit period, then the customers are paying on time. Otherwise, they are paying late. By how many days early or late are the customers paying? Use a 365-day year in your calculations and assume that all sales are done on credit. Do not round your intermediate calculations. 15.83 days early 15.83 days late 60.83 days early 60.83 days late None of the above 5 points 9. Roger Company is a merchandising company. The company's cost of goods sold for last year is $89,000. The company's beginning merchandise inventory is $53,000, and its ending merchandise inventory is $64,000. What is the total amount of the company's merchandise purchases for the year? O $11,000 $78,000 $89,000 $100,000 O None of the above 10. Gerona Company has $32,000,000 of sales, $17,500,000 of operating Spoints costs (excluding depreciation), and $5,000,000 of depreciation. It has $9,000,000 of bonds outstanding that carry a 6% interest rate, and its federal-plus-state income tax rate is 40%. What is the amount of the company's operating income? $3,797,840 O $5,376,000 $9,500,000 O $14,500,000 None of the above

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