Anne Marie went to a merchandisers' market onJanuary 6th and purchased 25 coffee tables at $62 each. The terms of payment of the invoice were 2% 10, Net 30. When she returned to her office on January 10th, she wrote out and mailed a check to pay the invoice.

What amount will Anne Marie record in her purchases account?

$1,835

$1,804

$1,519

$1,550

Susan's Stationery sold goods that cost $42,000, and had expenses that totaled $5,600. The average stock of goods in a year ending December 31 was $7,500.

What is Susan's Stationery inventory turnover ratio in a year ending December 31?

7.50

5.60

6.25

4.67