5/ Refer to the following selected financial information from McCormik, LLC. Compute the company's working capital for Year 2.

	Year 2			Year 1
Cash	$	39,100		$	33,850
Short-term investments		106,000			68,000
Accounts receivable, net		93,500			87,500
Merchandise inventory		129,000			133,000
Prepaid expenses		13,700			11,300
Plant assets		396,000			346,000
Accounts payable		105,400			115,800
Net sales		719,000			684,000
Cost of goods sold		398,000			383,000

Multiple Choice

$169,900.

$262,200.

$275,900.

$146,900.

$182,400.

6/ A corporation reported cash of $25,400 and total assets of $453,000 on its balance sheet. Its common-size percent for cash equals:

Multiple Choice

17.83%.

56.10%.

100.00%.

5.61%.

1783%.

7/ Refer to the following selected financial information from Graceworks, Corp. Compute the company's days' sales in inventory for Year 2. (Use 365 days a year.)

	Year 2		Year 1
Merchandise inventory	290,000		272,500
Cost of goods sold	467,400		414,100

Multiple Choice

226.5.

255.6.

240.2

212.8

232.9