Benton Company's sales budget shows the following expected total sales: The company expects 80% of it's sales to be on account (credit sales). Credit sales are collected as follows: 25 % in the month of sale, 72 % in the month following the sale with the remainder being un coffee table and written off. The total cash inflows from sales in April would be: $ 16,000. $28, 160.$24, 640. $36, 160. Milton Company has total current assets of $ 46,000. Including inventory of $ 10.000. and current liabilities of $ 20,000. The company's current ratio is; 0.4. 1.8. 2.8. 23. Select the Incorrect statement regarding ratio analysis Ratio analysis is a specific form of horizontal analysis. There are many different ratios available for evaluating a Arm's performance. Some ratios involve an account from the balance sheet and one from the income statement; Ratio analysis Involves making comparisons between different accounts the same set of financial statements. Wages paid to factory machine operators in production the dog houses should be categorized as: a product cost and recorded in the Inventory account a period cost and recorded on the Income statement a product cost and recorded on the income statement a period cost and recorded in the Inventory account