A firm had the following accounts and .5 financial data for 2005 given in the below table. The firm's earnings available to common shareholders for 2005 were Sales Revenue Accounts Receivable Interest expense Total oper. expenses Accounts payable $3,060 500 126 600 240 Cost of goods sold Preferred stock dividends Tax rate Number of shares of common stocks outstanding $1,800 18 40% 1,000 $195.40 O $516.60 O -$224.25 $302.40 The Below Financial Statements are related to Questions 6 - 10. Kindly read carefully and apply the correct financial ratio Income Statement Dana Dairy Products For the Year Ended December 31, 2005 Sales Revenue $100,000 Less: Cost of Goods Sold 87,000 Gross Profits $13,000 Less: Operating Expenses 11.000 Operating Profits $2,000 Less: Interest Expense 500 Net Profits Before Taxes $1,500 Less: Taxes (40%) 600 Net Profits After Taxes $900 Balance Sheet Dana Dairy Products December 31, 2005 Assets Cash Accounts Receivable Inventories Total Current Assets Gross Fixed Assets $35,000 Less: Accumulated Depreciation 13.250 Net Fixed Assets Total Assets Liabilities & Stockholders' Equity Accounts Payable Accruals Total Current Liabilities Long-term Debt Total Liabilities Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders Equity $1,000 8,900 4.350 $14,250 21.750 $36,000 $9,000 6,675 $15,675 4.125 $19,800 1,000 15,200 $16,200 $36.000 The current ratio for Dana Dairy Products.6 in 2005 was 1.58 0.63 1.10 0.91 The inventory turnover for Dana Dairy.7 Products in 2005 was 43 5 20 25 The average collection period for Dana.8 Dairy Products in 2005 was 32.5 Days 11.8 Days