Apple, Inc. informs us that the Fixed Costs to produce iPods are $35,000 per month. Fixed Costs to produce the Macintosh computers are also $35,000 per month. iPods sell for $300 each and have a variable cost of $60. Macs sell for $3,000 and have a variable cost of $800. Calculate the following for each product: (a) Contribution to overhead and profit (in dollars per unit sold) (b) Contribution percentage (as a percentage of the selling price) (c) The number of units which must be sold in a month to break-even (revenues = total costs) (d) The dollar amount of sales revenue at the break-even point D. Using the financial statements you produced above, calculate the following ratios: 1. Working Capital 2. Current Ratio 3. Quick Ratio (when using Accounts Receivable use the value NET of Allowance for Bad Debts) 4. A/R Turnover (assume beginning, ending, and average A/R are all the same) 5. Days