Using the data below, you are responsible to construct the current year's balance sheet. Suppose that current assets consist of cash, accounts receivable, and inventory. Balance sheet classifications include cash, accounts receivable, inventory, total noncurrent assets, total current assets, total current liabilities, total noncurrent liabilities, and equity. Let 1 year = 360 days. What is the net income for the current year? (There is no tax obligation for the company) (Hint: pay attention to the "beginning accounts receivable") Current ratio... Accounts receivable turnover Beginning accounts receivable Return on end-of-year common equity Sales (all on credit) Days' sales in inventory Gross profit margin ratio Expenses (excluding cost of goods sold) Total debt to equity ratio Noncurrent assets. 36 days 50% $450.000 16 $50,000 20% $1,000,000 $300.000 9- Refer to Question 6. What is the ROIC? a) 10,5% b) 11,5% c) 12,5% d) 13,5%