6) Phoenix Company reported sales of $490,000 for Year 1, $540,000 for Year 2, and $590,000 for Year 3. Using Year 1 as the base year, what were the percentage increases for Year 2 and Year 3 compared to the base year?

A) 91.0% for Year 2 and 91.5% for Year 3. B) 120.4% for Year 2 and 110.2% for Year 3. C) 110.2% for Year 2 and 120.4% for Year 3. D) 83.1% for Year 2 and 91.5% for Year 3. E) 91.0% for Year 2 and 83.1% for Year 3.

7) Refer to the following selected financial information from Hansen's, LLC. Compute the company's return on total assets for Year 2.

Year 2 Year 1 Net sales $ 480,000 $ 426,550 Cost of goods sold 276,600 250,420 Interest expense 10,000 11,000 Net income before tax 67,550 52,980 Net income after tax 46,350 40,200 Total assets 317,700 289,800 Total liabilities 179,900 167,600 Total equity 137,800 122,200

A) 14.6%. B) 22.2%. C) 9.7%. D) 15.3%. E) 2.7%.

8) Refer to the following selected financial information from Fennie's, LLC. Compute the company's days' sales in inventory for Year 2. (Use 365 days a year.)

Year 2 Year 1 Cash $ 38,300 $ 33,050 Short-term investments 98,000 64,000 Accounts receivable, net 89,500 83,500 Merchandise inventory 125,000 129,000 Prepaid expenses 12,900 10,500 Plant assets 392,000 342,000 Accounts payable 109,400 111,800 Net sales 715,000 680,000 Cost of goods sold 394,000 379,000

A) 50.0 days. B) 82.9 days. C) 115.8 days. D) 44.1 days. E) 45.7 days.

9) Selected current year company information follows

Net income $ 16,653 Net sales 719,855 Total liabilities, beginning-year 90,932 Total liabilities, end-of-year 110,201 Total stockholders' equity, beginning-year 205,935 Total stockholders' equity, end-of-year 132,351

The return on total assets is (Do not round intermediate calculations.):

A) 2.67%. B) 2.31%. C) 2.97%. D) 6.17%. E) 2.42%.